Ray Dalio Recommends Gold and Bitcoin as Assets Against the Decline in Fiat Currency Value
YM Lee
Summary
- Ray Dalio highlighted the importance of gold and Bitcoin in preparing for the risk of fiat currency value decline.
- Dalio stated that he recommends allocating 15% of investment assets to gold and Bitcoin.
- In the past, Dalio was skeptical of Bitcoin, but in 2021 he acknowledged owning Bitcoin and changed his position.
Ray Dalio, the godfather of hedge funds, once again emphasized the value of gold and Bitcoin (BTC).
According to Foresight News on the 28th (local time), Ray Dalio, founder of Bridgewater Associates, stated: "To guard against the risk of fiat currency devaluation, I recommend allocating 15% of your investment portfolio to gold and Bitcoin."
In the past, while Dalio maintained that Bitcoin could not serve as an effective store of value or medium of exchange, he changed his stance in 2021 by acknowledging that he owned Bitcoin.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
![[Today’s Key Economic & Crypto Calendar] US January Manufacturing PMI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[Market] Bitcoin breaks below $76,000 as selloff shows no sign of easing](https://media.bloomingbit.io/PROD/news/0b328b54-f0e6-48fd-aeb0-687b3adede85.webp?w=250)
![[Market] Bitcoin slips below $77,000…Ethereum also breaks below $2,300](https://media.bloomingbit.io/PROD/news/f368fdee-cfea-4682-a5a1-926caa66b807.webp?w=250)
