In a recent interview, legendary billionaire hedge fund manager Ray Dalio talked about Bitcoin and gold.
Dalio is the founder, chairman, and co-chief investment officer of Bridgewater Associates.
The 71-year American whose net worth is estimated to be around $18.7 billion created asset management firm Bridgewater Associates from his New York City apartment just two years after receiving his MBA from Harvard Business School. Bridgewater Associates had $138 billion in assets under management as of April 2020, and its many institutional clients include “pension funds, endowments, foundations, foreign governments, and central banks.”
Back in May, at the (virtual) Consensus 2021 event, while talking to Michael Casey, Chief Content Officer at Coindesk, Dalio revealed that he owns “some bitcoin.”
Recently, Dalio had more to say about Bitcoin. According to a report published by CNBC yesterday, during an interview with them, Dalio made it clear that although he likes both gold and Bitcoin as inflation hedges, if he could only hold one of these two assets, it would be the former.
Dalio told CNBC’s “Make It“:
“If you put a gun to my head, and you said, ‘I can only have one’, I would choose gold.”
He also had this to say:
“I own a very small amount of bitcoin. I’m not a big owner… There are certain assets that you want to own to diversify the portfolio, and bitcoin is something like a digital gold.“
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.