Bitcoin surged roughly 23%, climbing from $63,000 to over $77,000 in just a few days following Ray Dalio’s warning that the US could face a full-blown debt crisis within three years. US federal debt crossed the $40 trillion mark on August 18, hitting $40.047 trillion. Dalio advised investors to cut bond exposure and allocate 10-15% of portfolios to gold, with a bit of space for Bitcoin alongside it. The US faces refinancing needs of approximately $10 trillion, with annual interest costs approaching $1 trillion.
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