Billionaire Ray Dalio likes Bitcoin, but chooses gold every time

Hedge fund manager Ray Dalio said that he is still bullish on Bitcoin, but more bullish on gold.

On August 4, the billionaire investor admitted in an interview with CNBC that he had a “very small amount” of Bitcoin, but Say If he had to choose between the two, he would choose gold.

“If you point a gun at my head and you say,’I can only have one. I will choose gold.”

But he added that he believes that Bitcoin is digital gold, and I am still an important way to diversify. “You want to own certain assets to diversify your portfolio, and Bitcoin is like digital gold,” he said.

Dario has always been a long-term bull market for gold. His Bridgewater hedge fund invested more than $400 million in gold in the second quarter of last year. In 2019, he wrote that adding gold can help balance the portfolio because it reduces risk and increases returns.

The storage of value attributes makes it attractive to Dalio, which he believes is a natural hedge against inflation. The central bank currently holds more than 35,000 metric tons of gold, approximately one-fifth of all gold mined in history.

Dalio has Has previously warned about possible regulation of crypto assets It may even impose a ban in the United States, as it did with gold ownership in the 1930s. In Dalio’s view, Bitcoin may eventually be banned by the federal government.

He is still cautious about Bitcoin, but still wants to include it in his portfolio to achieve diversification, adding: “In general, I really don’t know whether Bitcoin will rise or fall. I can argue about this. Two aspects.”

In May, he said that he would Prefer to buy BTC instead of bonds In an interview at the Cryptocurrency Consensus Conference.

related: Ray Dalio did it 180 times on Bitcoin, calling it “a hell invention”

At the time of writing, gold is trading at $1,810 per ounce, which has fallen 4.4% since the beginning of the year. On the contrary, according to CoinGecko’s data, Bitcoin has risen by 36% during the same period, with a transaction price of $39,360.

Another billionaire who has been thinking deeply about Bitcoin in recent days is venture capitalist Mark Anderson.In a new interview The co-founder of Andreessen Horowitz stated in an interview with Bloomberg on Tuesday that BTC is “one of the most amazing things I have ever seen” and a “basic technological breakthrough.”

However, the report shows that he is more enthusiastic about the decentralized system it builds. He said that “many of the smartest people in computer science are entering this field”, adding that it represents “a new type of financial system” in which people “can form trust relationships in an untrusted environment.”



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