The United States, with its cycle of growing debt and debt servicing, may face a financial crisis in the next few years. Ray Dalio, the billionaire investor and founder of Bridgewater Associates, boldly claims a looming debt crisis and calls it a “potential heart attack.” In a statement, Dalio argued that once we reach a point in the cycle where one borrows more money to service debt and bond holders say that it’s risky, it becomes a “debt debt spiral.” Dalio compares the current debt crisis to a heart attack waiting to happen if authorities fail to provide interventions. Related Reading: Bitcoin ‘Won’t Stop At $150K’ This Year, Research Firm Chief Says Understanding The Current US Debt Issue Dalio’s insights on the current economic landscape and the country’s looming debt crisis come as the crypto market cap drops to $2.76 trillion in one day. During the market shakeoff this week, the overall crypto market cap dropped by 8%, with Ethereum and Bitcoin leading the losers with 11% and 8%, respectively. The US is currently facing a growing debt and e ..
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