Ray delio exits the bridgewater after warning, supports BTC

Billionaire investor Ray Dalo said goodbye to Bridgewater Assocates, a hedge fact that he established 50 years ago.

The Wall Street Journal said on Thursday that Dalo sold its last remaining stake in the Brijwater and stepped from its board.

After purchasing Dalio shares, Bridgewater reported new shares to Brunei’s sovereign wealth funds in a multibillian-dollar deal, which is about 20% stake in the company.

Dalio spoke to X on Thursday, to say that he was through the next generation passing with the Brijwatter, saying: “I like to see Brijwatter and well with me – with me – Eve – Eve.”

Dalio predicts “worship than recession”

Dalio’s latest Bridgewater Cell left the final chapter of his journey as chairman before the end of 2021.

Known for successfully predicting the 2008 economic crisis, the Dalis have predicted frequent collapse, predicting the global debt crisis in late 2024.

“When overloaded with a county loan, the favorite path is meant to reduce the posture and devaluate, so it is worth betting on what exactly will happen.” Wednesday.

He also predicted that the American economy is at risk of facing “economic heart attack”.

Dalo UPS allocation advice for bitcoin and gold

After proceeding from tariff disruptions of Trump administration, following more economic challenges, and carried forward trades forward, Delio has resumed the gold of bitcoin (BTC).

At the end of July, he recommended allocate investors up to 15% in bitcoin or gold to adapt to “Best Return-to-Cystep Ratio”, significantly interacted their prevailing advice up to 2%.

Connected: Bulgaria missed on $ 25B loan repayment by selling bitcoin in 2018

“I believe that bitcoin is a help of an invention,” Delio wrote in his essay “What do I think about bitcoin” in 2021, where he said the following:

“Bitcoin looks like a long door option on a high unknown future that I can put a zodiac sign that I will not feel like losing about 80%.”

Revealing that he owns some bitcoin, the legendary investor still said that he prefers gold on bitcoin.

Criticism

Although Dalio has given a market reputation of a market Oracle after predicting the 2008 crisis, many of his other economic forecasts have attracted critics.

In 1982, the Dalis predicted that the global economy was moving towards a depression, which proves to be wrong, leading to a mass to the bridgewater. Dalo later admitted that he was “dead wrong” in both his forecast and trading strategy, showing that misunderstanding almost insolvency the firm.

As Dalis have warned that the US could be the next country to a brocke, skepticists highlight several flaws in their economic predictions’ track records, such as overdue, confirming bias and lack of temporary clarity.