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Billionaire investor Ray Dalio has renewed his support for Bitcoin and gold as portfolio hedges as concerns grow over the United States rapidly expanding debt burden. His warning comes after U.S. national debt surpassed $40 trillion, while Bitcoin rallied toward $80,000 for the first time since May.

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Bitcoin gained 6.0% in the 24 hours through 3:14 p.m. ET on Aug. 21, 2026, following the president's Aug. 19 sit-down with industry executives and regulators.

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Billionaire investor Ray Dalio said the the debt buyback announcement this week fits into a larger pattern that could signal a looming debt crisis.

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Dogecoin price is gaining momentum as Bitcoin approaches the crucial $80,000 level, raising expectations that DOGE could soon challenge $0.10. The meme coin climbed about 5% over the past 24 hours to around $0.083, while Bitcoin traded near $77,500 after reaching a recent high of $79,200.