Bridgewater Associates boss Ray Dalio is neither bearish nor overly bullish on Bitcoin
The American billionaire changed his stance on the world’s largest cryptocurrency last year, revealing that he holds some of it back in May.
The investor agrees with fellow billionaire Bill Miller that one should allocate from 1-2% of his or her net worth into Bitcoin. Dalio, who remains a huge proponent of diversification, said that competing in the markets is more difficult than competing at the Olympics:Many members of the crypto community saw Dalio’s new book about the changing world order as a 550-page ad for Bitcoin.
Ray Dalio’s new book is basically a 550 page macro economic explanation for why Bitcoin will be a $10 trillion asset. The only reason I can think he’s still long gold, meh on crypto is that he doesn’t want to telegraph the fact that Bitcoin is the asset in his bolt bag.
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