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Against the backdrop of rising sovereign debt concerns, the case for reducing bond exposure is gaining institutional voice.
Hedge fund founder Ray Dalio, whose estimated net worth is $15 billion, said investors should overweight Bitcoin ($BTC) and gold rather than bonds, recommending a "bit" of Bitcoin as part of the reallocation.
The framing is what separates this from a typical crypto endorsement.
Dalio is pointing to what he characterizes as a potential debt crisis, a scenario where sovereign debt levels erode the real purchasing power of fixed-income holdings.
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