Billionaire investor Ray Dalio has sold his last remaining stake in Bridgewater Associates, which he founded 50 years ago. Dalio expressed excitement about passing the firm to the next generation, stating he is glad to see it thriving without him. He warns of impending economic challenges, predicting a major economic downturn due to excessive national debt and advocating for reduced budget deficits. Dalio has increased his recommended investment allocation in Bitcoin and gold to 15%, calling Bitcoin a significant invention capable of hedging against economic instability. Despite his favorable view of Bitcoin, he maintains a stronger preference for gold. Although celebrated for his market insights, Dalio's predictions have faced scrutiny; past errors, such as wrongly forecasting a depression in 1982, have led critics to question his track record of economic predictions. Nonetheless, Dalio's emphasis on the importance of diversifying investments in cryptocurrencies and gold remains a focus of his current economic strategy.

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