Ray Delio, supporting BTC, gets out of the bridgewater after a loan warning

Billionaire investor Ray Dalo has said goodbye to Bridgewater Associates, a hedge fund veteran he established 50 years ago.

Delio sold his last remaining stake in Bridgewater and stepped from his board, The Wall Street Journal Informed On Thursday.

After purchasing Dalio shares, Brijwatter allegedly issued new shares to Brunei’s sovereign wealth funds in a multibillion-dollar deal, which gave it a 20% stake in the company.

Dalo said in the X in the X that he was thrilled to pass with the Brijwatter for the next generation, saying: “I like to see Brijwatter alive and without me well – alive and better with me.”

Dalio predicts “worse than recession”

The latest Bridgewater Cell of Dalio marked the final chapter of its journey in 1975 out of the two bedroom apartments. The 75 -year -old billionaire stepped as the CEO of Brijwatter in 2017 and then left as the 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.

The experienced investor said in an X post last Wednesday, “When a country is overloaded with debt, the favorite route is meant to reduce rates and to devaluate currency, so it is worth to make it the same that it will actually happen.”

He also predicted that the American economy is in danger of facing “economic heart attacks”, if the government does not reduce the budget deficit by 3% of GDP.

Dalo UPS allocation advice for bitcoin and gold

After proceeding from the Trum administration’s tariff disruption, expecting more economic challenges, and amidst more trade imbalances, Delio recommends repeated bitcoins (BTCs) and gold, which is the major tool for hedge against crises.

At the end of July, he recommended investors to allocate to 15% in bitcoin or gold to adapt to “Best Return-to-Sisch Ratio”, leading to his previous advice to 2%.

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

“I believe that bitcoin is a hell of an invention” wrote In 2021 in his essay “What Eye Think of Bitcoin”, where he said the following:

“Bitcoin looks like a long -term option on a highly 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 firmly likes gold on bitcoin.

Criticism

Although the Dalis have obtained the reputation of a market Oracle after predicting the 2008 crisis, many of their other economic forecasts have attracted criticism.

In 1982, dalio Predictive The global economy was moving towards a depression, which proved wrong, causing large -scale damage to the bridgewater. Dalo later admitted that he was “dead wrong” in both his forecast and trading strategy, which revealed that his misunderstanding almost insolvency the firm.

As the palaces have warned that America may be the next country to break up, skeptical rapidly highlight The track records of their economic predictions, such as overgrowth, confirmation prejudice and lack of temporary clarity.