Bitcoin Surges 23% This Week, Nears $80,000; Ray Dalio Urges: Cut Bond Holdings, Allocate Modestly

Bitcoin surged 23% over the week and approached $80,000, according to a report from finance.biggo.com. The move highlights the continued volatility of the largest cryptocurrency, whose price can shift sharply over short periods as trading activity and market sentiment change.

The report’s headline also cited investor Ray Dalio, who urged investors to reduce bond holdings and make a modest allocation. Dalio is the founder of Bridgewater Associates and is widely known for commenting publicly on macroeconomic conditions and portfolio diversification.

Bonds are fixed-income instruments issued by governments and companies, while Bitcoin is a decentralized digital asset operating on a blockchain. The two assets are commonly viewed as having different risk profiles and reacting differently to economic conditions.

Bitcoin’s advance toward $80,000 places renewed attention on the asset’s role in broader investment discussions. The report did not provide further details in its headline on the timing, rationale, or size of Dalio’s suggested allocation.