Quick overview

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Hedge fund manager, Ray Dalio recently advocated for a 15 percent allocation to gold and Bitcoin.

“You would have around 15% of your money in gold or Bitcoin if you were neutral on everything, meaning you had no opinion, and you were optimizing your portfolio for the best return-to-risk ratio you could have,” he stated.

Although Dalio has made it clear that he “strongly prefers” the yellow metal over gold, he has also emphasized that investors have the final say on the matter.

The founder of Bridgewater Associates says that he still owns “some Bitcoin” after purchasing the popular cryptocurrency in May 2021.

The renowned hedge fund manager noted that many people view the original cryptocurrency as a form of money, and that Bitcoin has a limited supply, along with certain transaction benefits. However, because Bitcoin lacks privacy, he doesn’t believe any central bank will truly keep it as a reserve currency. It also seems that Dalio has questioned Bitcoin’s technological aspect.

The billionaire remarked, “And there is a question of whether the code could be broken or things can be done to make it, let’s say, less effective, including government controls of it.” Following the passage of the comprehensive tax and spending bill, Dalio warned about unsustainable US debt, prompting several Bitcoin proponents to encourage investors to buy more BTC. In his most recent podcast appearance, Dalio claimed that the United States’ debt is six times greater than its revenue