Founder of Bridgewater Fund: More optimistic about gold than ever before, investors need to build diversified investment portfolios to cope with uncertainty

Dalio, founder of Bridgewater Fund, recently stated that the current global monetary system is based on debt, and governments around the world may devalue their currencies through inflation or low interest rate policies. Investors should consider whether there is a relatively stable alternative currency that does not rely on debt. He believes that Bitcoin may be one of the candidates and even play an important role in the future, but emphasizes that "currency is essentially debt" and that true alternative currencies still need further exploration. Dalio pointed out that the advantage of Bitcoin as a safe haven asset lies in its strong liquidity. Unlike real estate, it is not fixed in a certain place, making it more difficult to be taxed or confiscated. However, he also emphasized that diversity and robustness of investments are more important. When asked about his opinion on gold, Dalio stated that he is more bullish on gold than ever before, but advised investors to exercise restraint. He believes that the future is full of uncertainty, and investors need to build diversified investment portfolios to cope. He suggested a "cautious" gold allocation ratio of 10% to 15%, which can serve as a protective measure while avoiding excessive reliance on a single asset. He emphasized that reasonable asset allocation is an important strategy to cope with future uncertainty.