Dalio's Divergent Views on Hard Money Assets
Ray Dalio, founder of Bridgewater Associates, discussed his views on Bitcoin and gold during an appearance on The Diary Of A CEO podcast.
Dalio revealed that he allocates around 1% of his investment portfolio to Bitcoin, while maintaining a preference for gold within the portion of assets he considers 'hard money.'
He described Bitcoin as 'money that can't be printed' and suggested most investors should consider allocating 5% to 15% of their portfolios to hard-money assets. However, Dalio favors gold over Bitcoin in this allocation.
Dalio cited several reasons for his preference, including the risks posed by potential advances in quantum computing, government surveillance, and taxation. He also noted that central banks are unlikely to hold significant amounts of Bitcoin because they require privacy and control over reserve assets.