Dalio: US Debt Crisis Could Arrive Within Three Years, Recommends Selling Bonds, Buying Gold and Bitcoin

Bridgewater founder Ray Dalio's latest article points out that the US annual fiscal gap is as high as $2 trillion, with approximately $10 trillion in debt needing refinancing. If the current trajectory is not changed, a debt crisis could arrive "within three years, plus or minus two years." He advises investors to reduce bond holdings, increase gold allocation to 10%-15% of portfolios, and hold a small amount of Bitcoin as a hedge against risk.