Ray Dalio Warns of U.S. Debt Impact on Dollar; Bitcoin Gains as Debasement Trade

Ray Dalio has expressed concerns over the United States' financial situation, highlighting that the country spends approximately $7 trillion while its revenue is around $5 trillion. According to NS3.AI, Dalio warned that the growing $39 trillion debt could lead to the debasement of the dollar. Meanwhile, analysts from JPMorgan have noted that bitcoin is increasingly being viewed as a debasement trade, gaining traction against gold.