Ray Dalio Warns Global Financial Stability at Risk from Trade Wars and Crypto’s Rise

Economic uncertainty in Spring 2025 led to significant turbulence in the cryptocurrency market, notably with the introduction of reciprocal import tariffs by U.S. President Donald Trump. While these tariffs were ultimately delayed, billionaire Ray Dalio believes this development threatens global financial stability. He argues that increasing trade tensions and de-globalization trends are creating unsustainable trade imbalances.