CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$20,856.00
  • ethereum
    ETH$1,193.21
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Ray Dalio Still Holds ‘Tiny Percentage’ of Portfolio in Bitcoin

    Ray Dalio Still Holds ‘Tiny Percentage’ of Portfolio in Bitcoin

    Author: Andrew Throuvalas

    Last Updated May 24, 2022 @ 20:46

    The hedge fund manager believes Bitcoin plays a role among gold and other assets in a well-diversified portfolio.

    Bridgewater Associates founder Ray Dalio confirmed on Tuesday that a “tiny percentage” of his portfolio is allocated to Bitcoin. He acknowledged how it could play a special role in today’s worldwide inflationary environment, among a broader set of safe-haven assets.

    Cash is Still Trash

    In conversation with CNBC’s Andrew Sorkin, Dalio reiterated his “cash is trash” thesis, due to the speed at which its holders are losing buying power. Annual CPI inflation in the United States clocked in at 8.3% in April – only 0.2% down from the previous month’s 40-year high.

    To combat this, the Federal Reserve has resolved to raise interest rates more aggressively than it has for the past two decades. However, this monetary tightening is already hammering equities, which Dalio claims are even “trashier” than cash.

    “The question is what’s going to get you a real return,” he explained. “We’ve shifted into an environment where assets that do well, like in the 70’s  – real return assets – are the best investments.”

    The billionaire believes that the Federal Reserve’s action in pumping the economy full of money and credit has created unprecedented debt, which will culminate in “negative real returns” across the board. In the interest of diversification, he mentioned Bitcoin as worthy of a small role in one’s portfolio, playing the role of “digital gold”.

    Bitcoin: Gold, or Money?

    The moniker is a common one for Bitcoin, due to its limited supply issuance schedule designed to mimic that of physical gold. Hedge fund manager Paul Tudor Jones has even deemed it superior to the latter and suggested that it threatens the dominance of fiat currencies produced by central banks.

    ADVERTISEMENT

    Dalio’s discussion of the asset headed in the same direction:

    “I think we’re in an environment where we’re gonna ask ‘what is the new money,” he said. “What is the type of money that you can move between countries, that’s a medium of exchange and a store hold of wealth?”

    Though Dalio believes that Bitcoiners and gold bugs get “too preoccupied” with Bitcoin, he noted that it’s made a “tremendous achievement” over the past eleven years, and makes up a “tiny percentage” of his own wealth.

    Dalio once criticized Bitcoin and cryptocurrencies for “failing the purposes of money,” but turned around to view it as a gold alternative over the past two years. Nevertheless, the investor previously stated that if the cryptocurrency grows too big, the government will ultimately put it down.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • Ray_Dalio
      Ray Dalio: Bitcoin is Not a Good Competitor Against Gold
    • shakeshack_btc_cover
      US Food Chain Giant Shake Shack Offers Bitcoin Cashback
    • World's First ETP With Combined Bitcoin, Gold Exposure Launches on SIX Swiss Exchange
    Tags: Bitcoin
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Andrew Throuvalas
    More posts by this author

    Andrew is a content writer with a passion for Bitcoin. He became familiar with Bitcoin back in 2013, but began diligently studying the blockchain technology and its economic implications in 2017. Ever since, he’s believed in the network’s power to replace the current global monetary system, and provide financial freedom to billions worldwide.
    Contact: LinkedIn | Twitter

  • bitcoin
    BTC$20,856.00
  • ethereum
    ETH$1,193.21
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Binance Visa Card Guide: Read Before You Order

    Binance Visa Card Guide: Read Before You Order

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Okay Bears NFT Collection: The Complete Guide

    Okay Bears NFT Collection: The Complete Guide

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!