Billionaire Ray Dalio recommends a “reasonable” allocation of 1% to 2% in Bitcoin

The hedge fund manager Ray Dalio is still bullish when it comes to Bitcoin (BTC) in 2022 with three major reasons for it the largest cryptocurrency is “super”. In one recently interview With The Investor Podcast, talked about gold and BTC as inflation protection.

When the interviewer William Green he asked what a useful task would be for a little connoisseur of the subject, Dalio said he agreed with billionaire Bill Miller’s suggestion that the correct allotment be 1% to 2%.

He stated that the network has never been hacked, that it doesn’t have a better competitor, and that BTC adoption rates suggest that it could further reduce gold market capitalization:

“Bitcoin is worth now [capitalización de mercado] about $ 1 trillion, while gold that is not in the hands of central banks and is not used in jewelry is worth about $ 5 trillion. When I see that, I keep that in mind because I think asset hedging will do very well over time. “

Billionaire Ray Dalio recommends a “reasonable” allocation of 1% to 2% in Bitcoin
Billionaire Ray Dalio recommends a “reasonable” allocation of 1% to 2% in Bitcoin

The founder of the world’s largest hedge fund Bridgewater Associates, Dalio, echoed last year’s comments in an interview with the podcast: He said he was impressed that Bitcoin has survived the past decade, while repeating that “he does not advocate cash”.

Dalio warned his reflections on the rise of Bitcoin, Highlighting the bigotry surrounding the cryptocurrency community as a possible Achilles heel, and as expected for the investor known as “Mr. Diversification“, He also asked a broader question about digital assets:

“When does someone get paid, take the money they made in Bitcoin, and then diversify and in other words do other things?”

It was lyrical about non-fungible tokens and other currencies as possible diversification targets. For the moment though, BTC belongs to your “inflation hedging asset class” alongside gold.

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