达利欧建议配置黄金与少量比特币对冲债务危机
Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis
Bitcoin Magazine
比特币杂志
Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis
传奇投资者瑞·达利欧推崇比特币——与黄金一起——以对冲即将到来的债务危机
Top investor Ray Dalio has again sung Bitcoin’s praises. But only a little bit.
顶级投资者瑞·达利欧再次称赞比特币。但只是稍微称赞了一下。
The billionaire hedge fund boss said in his latest essay that he expected “non-government-produced monies like gold and bitcoin to do relatively well” as government debt grows.
这位亿万富翁对冲基金老板在他最新的文章中表示，随着政府债务的增长，他预计“像黄金和比特币这样的非政府发行的货币会表现相对较好”。
Dalio, who founded one of the world’s largest hedge funds, Bridgewater Associates, has long warned investors about the size of America’s debt. U.S. national debt passed the $40 trillion mark this week.
达利欧创立了全球最大的对冲基金之一桥水基金（Bridgewater Associates），长期以来一直警告投资者关于美国债务规模的问题。本周，美国国家债务突破了40万亿美元大关。
JUST IN: Billionaire Ray Dalio suggests diversifying into gold, bonds, "and a bit of Bitcoin." pic.twitter.com/Z0TCviiTBV
突发消息：亿万富翁瑞·达利欧建议分散投资到黄金、债券，“以及少量比特币”中。pic.twitter.com/Z0TCviiTBV
— Bitcoin Magazine (@BitcoinMagazine) August 21, 2026
—— 比特币杂志 (@BitcoinMagazine) 2026年8月21日
“As general advice, I suggest diversifying well in asset classes and countries that have strong income statements and balance sheets and are not having great internal political and external geopolitical conflicts, underweighting debt assets like bonds, and overweighting gold and a bit of Bitcoin,” Dalio wrote.
“作为一般性建议，我建议在各资产类别和国家之间进行良好的多元化配置，选择那些收入状况和资产负债表强劲、且没有严重内部政治和外部地缘政治冲突的国家；降低债券等债务资产的权重，并增加黄金和少量比特币的权重，”达利欧写道。
He added that major economies like the U.K., U.S., Europe, and Japan all have similar debt and deficit problems and therefore assets like bitcoin — which are not issued by governments — could end up benefiting.
他补充说，英国、美国、欧洲和日本等主要经济体都面临类似的债务和赤字问题，因此像比特币这样不由政府发行的资产最终可能会受益。
Dalio has gone from saying he wouldn’t invest in Bitcoin over the years to finally admitting it was in his portfolio.
多年来，达利欧从声称不会投资比特币，转变为最终承认其投资组合中包含比特币。
Last year, Dalio said that bitcoin only made up 1% of his investments. He reiterated that point this year, and warned that although no one can print more bitcoin, it can be hurt by quantum computing advances.
去年，达利欧表示比特币仅占其投资的1%。他今年重申了这一观点，并警告说，虽然没有人能印制更多的比特币，但它可能会受到量子计算进步的损害。
Back in 2020, the billionaire investor said that the cryptocurrency was too volatile to use as money but that it was worth holding a little bit. Gold, on the other hand, should be held by all investors, he added.
早在2020年，这位亿万富翁投资者表示，这种加密货币波动性太大，不能用作货币，但值得持有少量。他补充说，另一方面，所有投资者都应该持有黄金。
Dalio’s latest essay explains that when governments over-borrow and central banks respond by printing money to cover the gap between debt supply and demand, the value of the currency gets debased.
达利欧的最新文章解释说，当政府过度借贷，中央银行通过印钞来弥补债务供需之间的缺口时，货币的价值就会被稀释。
Bitcoiners have long argued that the oldest cryptocurrency can work as a hedge against government printing, just like gold.
比特币支持者长期以来一直认为，最古老的加密货币可以像黄金一样，作为对抗政府印钞的对冲工具。
And Bitcoin has in the past benefited from governments expanding their money supplies.
过去，比特币曾从各国政府扩大货币供应量中受益。
This post Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
本文《传奇投资者瑞·达利欧推崇比特币——与黄金一起——以对冲即将到来的债务危机》最初发表于比特币杂志，由 Mathew Di Salvo 撰写。
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