Ray Dalio, the billionaire founder and chief investor of the world’s largest hedge fund Bridgewater Associates, warned investors that the era of easy money is over in a recent interview with Bloomberg.
The famous billionaire, who claimed that the cryptocurrency craze was exaggerated, said that the era of easy money and low inflation is over.
Saying that he finds cryptocurrencies interesting, Ray Dalio also admitted that he diversified his portfolio and that cryptocurrencies constitute a small part of his portfolio.
“I think we are in an area where we will now have different types of currencies in our portfolios.”
Referring to the fact that cryptocurrencies have received a lot of attention lately, Dalio said that he thinks that cryptocurrencies can probably be banned by several governments because they are vulnerable and can be easily tracked by governments.
FED’s Inflation Policy Wrong!
Ray Dalio, one of the richest men in the world, also touched upon the FED’s efforts to deal with high inflation.
Dalio stated that he thinks that high interest rates will increase the debt even more, and in this context, he does not like the FED’s plans to reduce inflation by raising interest rates.
“The most important thing you can do in this time of increasing inflation is not to be cash.”
The famous billionaire also did not neglect to give some personal finance advice to investors. He told investors to live within their means and to invest after calculating how much money they need to care for themselves and their families.
*Not investment advice.