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Billionaire Ray Dalio recommends that investors allocate 1% of their portfolio to Bitcoin
Bitcoin’s value may be down, but its potential is still very much alive and well, and it is worth investing in. That’s how billionaire and Bitcoin supporter Ray Dalio sees the crypto monarch.
Ray Dalio recommends that investors invest 1–2 percent of their portfolio in Bitcoin.
Bridgewater Associates, the world’s biggest hedge fund, believes that every investor should allocate a modest percentage of their portfolio to Bitcoin.
In a recent appearance on The Investors Podcast, he made this comment. Dalio provided three reasons why Bitcoin is outstanding, in accordance with his optimistic views on the currency.
These include its high adoption rate, exceptional security (it has never been hacked), and dominance over all other cryptocurrencies. As a result, he agrees with fellow billionaire Bill Miller, who believes that investors should invest 1–2% of their portfolio in Bitcoin.
Dalio went on to say that Bitcoin and gold are the best inflation hedges. He claims that
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…
