Dalio from Bridgewater agrees 1% -2% of portfolio investments in Bitcoin
Dalio from Bridgewater agrees 1% -2% of portfolio investments in Bitcoin
The billion -dollar investor has his toe in Bitcoin and Ethereum, but in the past it has refused to disclose how much he has invested in it
Ray Dalio, Co-Chief of Investment of the Hedge Gedge Bridgewater Associates, said the podcast network of the investor that he agrees with the proposal of his billionaire Bill Miller. In the episode published on January 2, Dalio suggested that investors were about 1 to 2% of their portfolios in crypto - Bitcoin - move up.
The American investor made his optimism in relation to Bitcoin to the inconspicuousness of the wealth value towards hacking, the lack of close competition and the satisfactory acceptance rates that will run his evaluation against the market capitalization of gold.
" Bitcoin now has a value of about 1 trillion US dollar, while gold, which is not kept by central banks and not used for jewelry, is worth about $ 5 trillion. Green.
Bitcoin passed the test of the time
The hedge fund manager remembered his comments at the end of the year, in which he repeated past feelings in which he praised Bitcoin for surviving the last decade. The remarks were positive about crypto, while they were cash as " worst investment. "
im Interview with yahoo! Finance , he mentioned that Bitcoin has not suffered a hacker incident for 11 years. This and other factors, including the increasing acceptance of the crypto asset, qualified as a good investment value.
dalio also said Green that he recognizes that Bitcoin and other crypto coins have their own proportion of defects. For example, he found that the crypto-assets have become very popular with users and investors, but it is very likely that the government could ban them due to the ever random ransomware attacks, which often lead to crypto loss. He led this as a reason why his position in the Bitcoin question is not exactly. black and white. ”
dalio on Bitcoin as protection against inflation and diversification
dalio, which manages the largest hedge fund in the world, agreed with the view of Bitcoin supporters that the coin as well as gold was a protection against inflation. The billions of investors realized that the argument could be that Bitcoin has a limited offer.
"I think over time will probably develop better. Therefore, I am not at the side of cash and such things." he claimed.
He asked a question and asked when it was possible for investors to take their returns from Bitcoin and invest in other products. Remarkably, he mentioned that several products come onto the market that range from NFTs to other old coins, and investors could possibly be considered to diversify.
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Source: Coinlist.me
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