US Treasury Yields Fall as Investors Observe Potential Economic Effects of Israel-Hamas War
Treasury yields fell in the US as the war between Israel and Hamas rages on, with several thousand dead and wounded.
Treasury yields fell in the US as the war between Israel and Hamas rages on, with several thousand dead and wounded.
According to Ray Dalio, the debt crisis could crash US growth, and happen happen as quickly or as delayed as supply and demand dictate.
Ray Dalio said that he will continue to hold his stake in Bridgewater Associates and mentor firm’s investors in years to come.
With digital assets becoming more popular and authorities working on regulation, several hedge funds have taken an interest. Some in the investment space have called Bitcoin a hedge against inflation.
Ray Dalio’s comments for Bitcoin came citing the recent inflationary environment wherein the billionaire believes that holding onto cash won’t be the right thing to do.
Billionaire investor Ray Dalio is sounding an alarm that the mounting tension between the US and China could result in a full-blown economic crisis.
Subsequent subscription is placed at 1 million yuan and investors cannot redeem their holdings within the lockup period.
Ray Dalio believes that an increase in portfolio values amid inflation does not translate to purchasing more power or financial health.
Dalio believes that while Bitcoin has no intrinsic value, it is a better alternative to cash.
Dalio says that Bitcoin’s volatile nature leaves it with fewer use cases as a medium of exchange. He added that he would prefer Gold over Bitcoin.