Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Associates, shared his thoughts on Bitcoin for 2022 in an interview he attended today.
The famous billionaire, who gave up his anti-Bitcoin and anti-crypto rhetoric in the face of Bitcoin’s performance in 2021, admitted that he bought some Bitcoin in May.
Continuing his moderate attitude towards Bitcoin, Ray Dalio stated that he felt neither a decrease nor an increase in Bitcoin.
Stating that he agreed with his billionaire friend Bill Miller’s opinion that between 1% and 2% of the portfolio should be reserved for Bitcoin, Dalio stated that portfolio diversification should be done.
Comparing the crypto market to the Olympic races, Dalio said that competing in the crypto market is more difficult than competing in the Olympics.
“There are a lot of people trying to do that and putting more resources behind them.”
During the conversation, Dalio was asked about his thoughts on seeing his new book as an advertisement for Bitcoin by some members of the crypto community. The famous billionaire replied, “There are bigots as well as open-minded people in the crypto community.” said.
Reiterating that he was impressed by the success of Bitcoin, Dalio claimed that Bitcoin also has some risks in itself, and in this context, there may be an alternative to Bitcoin in the future.
Drawing attention to the bans imposed by governments on gold and silver in the past, Dalio once again warned that Bitcoin could also be banned.
“When you have an alternative currency, it is a threat to all governments. Every government wants a monopoly in its own currency.”
*Not investment advice.