Ray Dalio: Bitcoin is an asset “that you want to own to diversify the portfolio”

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In a recent interview, the legendary billionaire hedge fund manager Ray dalio talked about Bitcoin and gold.

Dalio is the founder, president and co-director of investments of Bridgewater Associates.

The 71-year-old American with an estimated net worth of around $ 18.7 billion started asset management firm Bridgewater Associates from his New York apartment just two years after receiving his MBA from Harvard Business School . Bridgewater Associates had $ 138 billion in assets under management as of April 2020, and its many institutional clients include “pension funds, endowments, foundations, foreign governments and central banks.”

In May, during the (virtual) Consensus 2021 event, while speaking to Michael Casey, director of content at Coindesk, Dalio revealed that he owned “bitcoins.”

Recently, Dalio had more to say about Bitcoin. According to a report published by CNBC yesterday, during an interview with them, Dalio made it clear that while he likes both gold and Bitcoin as hedges against inflation, if he could only hold one of these two assets, that would be the first.




Dalio told CNBC “Do it“:

If you pointed a gun at my head and said, “I can only have one,” I would choose gold. “

He also had this to say:

I own a very small amount of bitcoin. I’m not a big owner… There are certain assets you want to own to diversify the portfolio, and bitcoin is something like digital gold.

WARNING

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading crypto-assets carries a risk of financial loss.


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