Dalio's Bitcoin Shift: Experts Question Its Risk Mitigation Value

Ray Dalio, founder of Bridgewater Associates, has softened his stance on Bitcoin (BTC) over the years. He initially called it a bubble and said it's 'not an effective storehold of wealth' in 2017.

However, in an article published on August 21, he recommended that investors hold 'a bit of Bitcoin,' as he believes most economies face debt and deficit problems.

Dalio considers non-government-produced money like Bitcoin to be one way to navigate this risk, and he expects it will do relatively well. He has previously suggested allocating up to 2% of your portfolio to Bitcoin.

Despite Dalio's recommendation, The Motley Fool disagrees that risk mitigation is a reason to hold the cryptocurrency.