Ray Dalio, the wealthy founder of Bridgewater, has raised concerns that the global monetary system is at risk of collapsing. He attributed the potential collapse to the current administration's tariff policies, which he believes have contributed to deglobalization trends and trade imbalances.

Dalio warned about challenges to US economic dominance, particularly in light of President Donald Trump's introduction of reciprocal tariffs on imports, with a minimum set at 10% for all nations. The escalating trade tensions, with tariffs on Chinese goods reaching 145%, have led to retaliatory action from China.

In his recent essay, Dalio expressed skepticism that negotiations could fully reverse the damage caused by the escalating trade disruptions. He highlighted that exporters and importers worldwide are seeking to reduce their reliance on the US, leading to a shift in trade networks. This trend could result in a breakdown of the global monetary, political, and international order.

Dalio suggested that the current situation indicates the need for alternative plans as countries seek to bypass the US in their trade dealings. He hinted at a potential move towards currencies like Bitcoin and assets like gold as hedges against economic uncertainty and devaluation of the US dollar.

Experts within the cryptocurrency community, such as Jeff Park from Bitwise, have echoed Dalio's concerns about the declining role of the US dollar in the global economy and the potential rise of alternative currencies like Bitcoin. They anticipate significant opportunities for Bitcoin in the evolving financial landscape, with positive price projections and increased investor interest.