'The Block' is a crypto-focused website. It cites Ray Dalio, billionaire founder of Bridgewater Associates, speaking in a weekend appearance on CNBC’s Master Investor Podcast:"If … you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or bitcoin""I'm strongly preferring gold to bitcoin, but that’s up to you."The article continued with familiar narrative supportive of gold and cryptoDalio spent much of the interview focused on the dire economic circumstances the U.S. government has found itself in as the national debt continues to accumulate. “The issue is the devaluation of money,” Dalio said. “We are at the point of no return,” Dalio warned, arguing that the government will likely need to issue nearly $12 trillion more Treasuries next year simply to service its mounting debt. It isn’t just the U.S., either; all Western countries are facing a similar "debt doom loop," he argued. This article was written by Eamonn Sheridan at investinglive.com.