American billionaire Ray Dalio suggests a 15% portfolio allocation to Bitcoin or gold amid America’s $36.7 trillion national debt crisis. He previously recommended a 1-2% Bitcoin allocation in January 2022. The US Treasury projects $1 trillion in new borrowing in Q3, worsening concerns about the country’s fiscal path. Western countries face a “debt doom loop” issue, according to Dalio.

Despite advocating for Bitcoin as a diversifier, Dalio doubts its potential as a reserve currency due to lack of privacy and transparency. Bitcoin and gold have hit recent highs, with Bitcoin trading at $118,100, close to its all-time high. Dalio remains skeptical about Bitcoin becoming a reserve currency due to potential vulnerabilities in its code.

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Bitcoin reaches new all-time high of $65,000 as institutional investors continue to show interest in the cryptocurrency. Market cap surpasses $1.2 trillion with a surge in trading volume. Analysts predict further growth as mainstream adoption increases.

Ethereum also sees a significant price increase, reaching $2,500 for the first time. Market cap exceeds $300 billion as demand for decentralized finance (DeFi) applications grows. Experts anticipate continued upward momentum in the coming weeks.

Dogecoin experiences a sharp decline in value after Elon Musk’s appearance on Saturday Night Live fails to meet investors’ expectations. Price drops by 30% as speculative interest wanes. Despite the setback, supporters remain optimistic about the meme-based cryptocurrency’s long-term potential.: Ray Dalio Suggests 15% Portfolio Allocation To Bitcoin