Bitcoin

Billionaire Ray Dalio admits he owns Bitcoin in his portfolio

The founder of the world’s largest hedge fund Bridgewater Associates, Ray Dalio, has confirmed that a small percentage of his portfolio is allocated to Bitcoin.
Ray Dalio says he owns Bitcoin in his portfolio

In a conversation with CNBC’s Andrew Sorkin on May 24, Ray Dalio reiterated his “cash is still trash” argument at the moment, largely dependent on the speed at which holders hold they are losing purchasing power. This resulted in inflation in the United States remaining at 8.3% in April, down just 0.2% from the previous month’s 40-year high.

To prevent this, the Fed was determined to raise interest rates more aggressively than they have in the past two decades. However, monetary tightening has been affecting equities, which Dalio claims is even “worse” than cash.

The billionaire believes that the Fed’s actions in pumping money and credit into the economy have created unprecedented debt, which will lead to “negative real returns” on a large scale. Because of the concern of diversification, he mentioned Bitcoin deserves a small role in everyone’s portfolio, acting as “digital gold”.

But Dalio maintains that the cryptocurrency still faces risk.

“Bitcoin’s greatest risk is its success. And if it succeeds, one of the great things, I think, as a worry is the government has the capacity to control Bitcoin or the cryptocurrencies. They know where they are, and they know what’s going on,” he said.

This isn’t the first time Dalio expressed concern about the risk of government regulation.

In addition, Ray Dalio noted Bitcoin has made a “huge achievement” over the past 11 years, and so far BTC still represents a small percentage of his own wealth. Notably at the end of 2021, the world’s largest hedge fund boss was revealed to have invested in both Bitcoin and Ethereum.

Bridgewater’s founder says that Bitcoin is a worthy investment

This means that even though the market has entered a recessionary cycle throughout the past few months, Ray Dalio is still confident with his investment.

On the other hand, though the latest sharing, we can confirm that he himself has acknowledged how Bitcoin can play a special role in today’s worldwide inflationary environment, amid a wide range of safe-haven assets like gold or bonds.

More interestingly, Ray Dalio has been critical of Bitcoin and cryptocurrencies in general for failing to achieve the purpose of money but has seriously re-evaluated the coin as an alternative to gold over the past two years. However, he also issued multiple warnings that if crypto grows too big, the government will eventually take all necessary measures to “hold down” the industry.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

3 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

6 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

8 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

9 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

12 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

15 hours ago

This website uses cookies.