Ray Dalio says to buy ‘a bit’ of Bitcoin amid potential debt crisis
The hedge fund founder with an estimated net worth of $15 billion recommended that investors overweight Bitcoin and gold rather than bonds.
Hedge fund titan Ray Dalio, worth an estimated $15 billion, advised investors to allocate between 10% to 15% of their portfolios to gold and a modest amount of Bitcoin as a hedge against an anticipated debt crisis. In a LinkedIn post, Dalio emphasized that investors should overweight precious metals and Bitcoin compared to debt assets like bonds due to risks stemming from "internal political and external geopolitical conflicts."
He forecasted a potential US debt crisis within three years, give or take two, should current trends persist. Despite earlier skepticism about Bitcoin replacing gold as a store of value and concerns over privacy and quantum computing threats, Dalio recently reiterated his stance, stating he holds "some, but not much" Bitcoin and recommends a similar allocation in both gold and Bitcoin.
In 2022, he suggested a portfolio allocation of 1% to 2% in Bitcoin, acknowledging it was "reasonable" at the time.
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