Trump Tariffs Could Unleash More Than Recession: Ray Dalio

On Apr 14, 2025

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Michael Saylor is signaling plans to buy more Bitcoin even as billionaire investor Ray Dalio warns that Trump tariffs could unleash something “worse than a recession.”

“I think that right now we are at a decision-making point and very close to a recession,” said the Bridgewater Associates founder during an interview with NBC’s Meet the Press yesterday. “And I’m worried about something worse than a recession if this isn’t handled well.”

Dalio Says Monetary Order Breaking Down

During the interview, Dalio, who predicted the 2008 financial crisis, said that the current global financial sector is undergoing something “much more profound” than a recession, which is just two negative quarters of GDP.

Dalio’s prediction is based on his belief that the monetary order is breaking down, comparing the current times to those just before the Great Depression in the 1930s.

He subsequently warned that history could repeat itself, saying, “If you take tariffs, if you take debt, if you take the rising power challenging existing power, if you take those factors and look at the factors, those changes in the orders, the systems, are very, very disruptive.”

“How that’s handled could produce something that is much worse than a recession,” Dalio warned.

Dalio’s comments come in response to an ongoing trade war between the US and China, which was ignited by US President Donald Trump’s announcement of a series of sweeping tariffs with the country’s trade partners.

That included a 145% tariff on Chinese goods. China has since retaliated with tariffs of their own.

Saylor Hints At Another Bitcoin Purchase As Trump Tariffs Spook Investors

The Trump tariffs have led to high levels of uncertainty in the global markets, pushing investors to safe haven assets like gold and even Bitcoin.

Even with no clear end in the trade war in sight, Strategy (previously MicroStrategy) executive chair Saylor has hinted at another upcoming Bitcoin purchase.

In an April 13 X post, Saylor shared a snapshot of the SaylorTracker chart, a move that in recent weeks has been followed by an announcement of another Bitcoin purchase.