ChainCatcher news, according to the South China Morning Post, Ray Dalio, founder of the world's largest hedge fund Bridgewater, stated at the Abu Dhabi Financial Conference that he advises investors to stay away from debt assets like bonds and turn to "hard currencies" such as gold and Bitcoin.Dalio pointed out that the debt levels of major economies, except for Germany, have reached "unprecedented" levels, and a debt crisis is inevitable in the coming years, which will lead to a significant devaluation of currency. He emphasized that debt, currency, and the economy are one of the five key forces influencing future developments, along with domestic political order and geopolitical patterns.

ChainCatcher news, according to Jinshi reports, based on market news, Bridgewater founder Dalio does not expect significant interest rate cuts.

ChainCatcher news, billionaire hedge fund investor and founder of Bridgewater Associates, Ray Dalio, recently stated in an interview with CNBC: "Bitcoin will not be an effective currency, nor will it be an effective store of wealth, and it is certainly not an effective medium of exchange. The volatility of the crypto market is too high and is almost unrelated to any economic situation. But we all know that traditional currencies are in crisis in the world we live in."Additionally, Ray Dalio proposed an idea he believes could be a viable option for cryptocurrency, which is a coin linked to inflation. Ray Dalio stated: "Everyone wants to maintain the purchasing power of their assets. If you create a coin that says 'this is the purchasing power I know I can store, and I can invest my money for a period of time, and then I can trade it anywhere,' I think that would be a good coin, similar to inflation-indexed bonds." (source link)

ChainCatcher news, Bridgewater Associates founder Ray Dalio mentioned in an interview with CNBC that the crypto market is almost unrelated to any economic situation, and he believes that one should be cautious about stablecoins, as stablecoins are not necessarily a good thing. (Source link)

ChainCatcher news, according to a report by Bloomberg citing data from LCH Investments tracking fund returns, in 2022, the top 20 hedge fund companies generated a total of $22.4 billion in profits (after fees). Among them, Citadel ranked first with a profit of $16 billion in 2022, setting a new annual return record for hedge funds, surpassing the $15 billion profit earned by hedge fund manager John Paulson for his clients during the 2007 U.S. subprime mortgage crisis. Additionally, Bridgewater had a profit of $6.2 billion in 2022. (source link)