Summary
- Founder Ray Dalio has highlighted gold and Bitcoin as risk management assets.
- Dalio noted that debt levels in major economies have reached unprecedented levels, emphasizing the need for hedging assets.
- Dalio was skeptical about Bitcoin's value in the past, but acknowledged holding Bitcoin in 2021.
Hedge fund mogul Ray Dalio has highlighted his interest in gold and Bitcoin (BTC).
According to a report by The Block on the 11th (local time), Ray Dalio, founder of Bridgewater Associates, participated in Abu Dhabi Finance Week and stated, "I want to move away from assets like bonds and debt and hold gold, Bitcoin, etc."
Dalio emphasized that with debt levels in major economies reaching 'unprecedented levels,' holding gold and Bitcoin as hedging assets is crucial to prepare for potential debt crises and currency devaluation in the coming years.
In the past, Ray Dalio pointed out that Bitcoin could not be an effective store of value or medium of exchange, but he acknowledged holding Bitcoin in 2021.
YM Lee
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