Billionaire Ray Dalio warned that a US debt crisis could be just three years away, urging investors to reduce bond holdings and increase allocations to gold and Bitcoin.

In a LinkedIn post, the Bridgewater Associates founder recommended diversifying across assets and countries with strong finances. He suggested putting as much as 15% of portfolios in gold and "a bit" in Bitcoin to reduce risk and boost returns.

Dalio has long cautioned about mounting government debt, arguing that traditional bonds may underperform as inflation and fiscal pressures intensify. His latest call reflects growing concerns about US fiscal sustainability.

He emphasized that investors should focus on preserving wealth rather than chasing yield in a potentially unstable macro environment.