Billionaire Ray Dalio recommends ‘reasonable’ 1%–2% Bitcoin allocation

Hedge
fund
manager
Ray
Dalio
remains
bullish
on
Bitcoin
(BTC)
in
2022,
listing
three
primary
reasons
why
Bitcoin
is
“impressive.”
In
a
recent

interview

with The
Investors
Podcast
,
he
talked
up
gold
and
BTC
as
an
inflation
hedge.

When
prompted
by
interviewer
William
Green
about
what
a
sensible
allocation
for
a
layperson
would
be,
Dalio
said
that
he
agrees

with
fellow
billionaire
Bill
Miller
’s
suggestion
that
1%–2%
is
the
right
allocation.

He
explained
that
the
network
has
never
been
hacked;
it
has
no
better
competitor;
and
BTC
adoption
rates
would
suggest
that
it
could
further
chip
away
at
gold’s
market
capitalization:

“Bitcoin
now
is
worth
about
$1
trillion,
whereas
gold
that
is
not
held
by
central
banks
and
not
used
for
jewelry
is
worth
about
$5
trillion.
When
I
look
at
that,
I
keep
that
in
mind
because
I
think,
over
time,
inflation
hedge
assets
are
probably
likely
to
do
better.”

The
founder
of
the
world’s
largest
hedge
fund,
Bridgewater
Associates,
Dalio
echoed
comments
made
last
year
during
the
recent
interview
with
the
podcast,
saying
he
was
impressed
that Bitcoin
has
survived
the
past
decade

while
reiterating
that
he
is
“not
favorable
to
cash.”



Related:




There’s
a
Bitcoin
boom
among
Baby
Boomers,
reports
BTC
Markets

Dalio
did
caveat
his
musings
on
the
rise
of
Bitcoin,
highlighting
the
zealotry
surrounding
the
Bitcoin
community
as
being
a
possible
Achilles
heel,
and
as
is
to
be
expected
for
the
investor
known
as
“Mister
Diversification,”
he
also
asked
a
broader
question
regarding
digital
assets:

“When
does
somebody
collect,
take
the
money
they
made
in
Bitcoin
and
then
diversify
that
and,
in
other
words,
move
to
other
things?”

He
waxed
lyrical
about
nonfungible
tokens
and
other
coins
as
potential
diversification
destinations.
For
the
moment,
however,
BTC
occupies
a
place
in
his
“inflation
hedge
asset
class”
alongside
gold.

read original article here