Ray Dalio warns US debt crisis is 2–3 years away
- —Dalio expects a US debt crisis within 2–3 years
- —US spends about $7 trillion a year vs $5 trillion in revenue
- —Foreign investors hold one-third of US debt
- —China and Japan are unwilling to buy new Treasuries
Why it matters: Rising Treasury yields driven by a debt crisis could weigh on risk assets, including bitcoin and the broader crypto market.
Source: Uzmancoin