Ray Dalio Touts Bitcoin and Gold as Hedges Against Debt Crisis

Dalio's endorsement carries weight less as a price signal than as a marker of how far Bitcoin has travelled into mainstream portfolio thinking, placed by a macro investor alongside gold rather than against it. The framing matters: the case here is a debt-and-money-printing thesis, not a technology or adoption thesis, which puts Bitcoin in the same conversation as traditional hard-asset hedges. Whether that framing holds through an actual stress episode, rather than a rhetorical one, is the open question.