On May 20th, Ray Dalio, founder of Bridgewater Associates, stated that Moody's downgrade of the US credit rating still does not reflect the true risks. He pointed out that the US government might address high debt by "printing money to pay debt", which would transfer costs in the form of currency devaluation, damaging bondholders' actual purchasing power. As all three major rating agencies have downgraded the US rating, the market has begun to reassess US debt risks.
Bitunix analyst recommendations:
Dalio's highlighted "printing money to pay debt" risk essentially accelerates funds seeking anti-inflationary and non-sovereign assets. Cryptocurrencies, with their decentralized nature and scarcity, become a potential safe haven. Under intersecting credit risks and currency devaluation concerns, if BTC can maintain support at $100,000, it may explore the historical high of $110,000 in the short term.
Investors are advised to focus on mainstream cryptocurrencies like Bitcoin and Ethereum, and moderately allocate to application tokens with characteristics of being decoupled from the US dollar and resistant to inflation. In short-term operations, attention should be paid to bond yield changes and US fiscal policy signals, as they will continue to influence market risk appetite and capital direction.
