Ray Dalio, the world-renowned billionaire investor, recently revealed that he holds a small amount of Bitcoin (BTC) in his investment portfolio as a hedge. However, he still prefers gold over the leading cryptocurrency as a reliable investment option.
In a recent interview with Chris Williamson’s YouTube podcast, Ray Dalio stated that he would “rather have gold” when it comes to the Bitcoin-gold comparison. While he is not a fan of BTC, he emphasizes that he has allocated a small portion of his portfolio to the cryptocurrency, unlike some financial investors who have not invested in Bitcoin at all.
Dalio expressed confusion about why people are more interested in Bitcoin than in gold, highlighting the fact that gold is the third-largest reserve asset for central banks internationally. He stated that central banks are buying gold now, instead of bonds.
While some investors prefer BTC because of its higher potential for gains, Dalio’s investment strategy focuses on more reliable assets. He believes that gold is a safer investment than Bitcoin, as it has been a reliable store of value for thousands of years.
Analysts at financial firm Standard Chartered recently predicted that Bitcoin’s value could reach $100,000 by the end of 2024. However, it remains to be seen whether the leading cryptocurrency will experience another massive surge in the future.
In conclusion, Ray Dalio’s investment strategy focuses on traditional assets, with a small allocation to Bitcoin as a hedge. While he acknowledges Bitcoin’s potential for gains, he still prefers gold over the leading cryptocurrency as a reliable investment option.
