Ray Dalio Endorses Bitcoin and Gold Over Bonds Amid Global Debt Crisis Warning
Bridgewater founder Ray Dalio warns of an impending debt crisis and advises investors to shift from bonds to 'hard money' assets like Bitcoin and gold. Speaking at Abu Dhabi Finance Week, the billionaire investor highlighted unsustainable debt levels in major economies and predicted significant currency devaluation.
Ethereum Soars Past $3,600 as BlackRock ETF Attracts Major Institutional Investors
Ethereum's price reaches new heights driven by growing institutional adoption through regulated ETF products. BlackRock's ETHA fund sees significant investment from advisors and hedge funds, signaling mainstream acceptance of cryptocurrency exposure through traditional financial vehicles.
Hong Kong Unveils Landmark Tax Exemption Plan for Institutional Crypto Investors
Hong Kong is preparing to eliminate capital gains tax on cryptocurrency investments for hedge funds, private equity firms, and high-net-worth individuals. The strategic move, planned for 2025 implementation, aims to establish the city as a premier global digital asset hub while competing with other major financial centers.