Dalio wrote in a LinkedIn post that the country is witnessing greater amounts of populism and extremism, and outlined why he thinks the country is on a potential path to civil war.

The Bridgewater Associates boss explained why stocks have dropped, urged investors not to hold cash, and laid out several risks of owning crypto.

"We see the potential for large market moves, which of course implies significant risks from holding assets," Ray Dalio's Bridgewater hedge fund said.

"China is facing an economic crisis centered on the real estate market," hedge fund titan George Soros said Monday.

"We're at a turning point now and things will be much different," Bridgewater Associates' Greg Jensen told Bloomberg News.

"The US, through its own system, needs more common prosperity," Bridgewater boss Ray Dalio told a conference audience Monday.

The US economic cycle is in its third year and should survive Fed tightening, Ray Dalio said. "Bubble-type" tech stocks may not be so lucky.

Ray Dalio, who not long ago was a bitcoin skeptic, made the comment about bitcoin allocation in a recent episode of the We Study Billionaires podcast.

Ray Dalio, who not long ago was a bitcoin skeptic, made the comment about bitcoin allocation in a recent episode of the We Study Billionaires podcast.

Dalio favors a diversified approach to global investing and has talked bullishly about investing in China despite its authoritarian political system.

Nir Bar Dea and Mark Bertolini were named as co-CEOs, effective immediately, Bridgewater announced Monday.

"I definitely want to buy NFTs to just experience that," Dalio told podcaster Lex Fridman. "I think I should produce one."

McCormick has been discussing a Senate run in Pennsylvania with GOP donors and party leaders, the Philadelphia Inquirer reported.

The Nasdaq is poised to give up all its gains from earlier in the week, while the Dow Jones Industrial Average and the S&P 500 are on track to stay green.

The billionaire dissed cash as the "worst investment," saying it will likely lose buying power in the face of high inflation.

Bridgewater founder Ray Dalio said China is likely to be "stronger in most ways" than the US in the future.

Bridgewater Associates founder Ray Dalio also said he weighs the pros and cons of investing in China in light of human rights issues.