Ray Dalio, billionaire and manager of Bridgewater Associates, the world’s largest hedge fund company, explained in an interview with Yahoo Finance that he sees cryptocurrencies as an alternative investment.
Ray Dalio on bitcoin: “It’s impressive that it has survived the last 10-11 years without being hacked.” said.
Dalio, who says he is very worried about inflation, says that cash investment, which many investors consider safe, is the worst investment. His reason is that he thinks that cash money will lose value by 4-5% against inflation, as it did last year.
Dalio said in a statement:
“All I would say to investors is don’t judge anything about your returns or assets by their current value. See it in inflation adjusted terms.”
We know that cryptocurrencies outperform cash, but he said that the most important thing is that the portfolio should be diverse.
The billionaire said he believes cryptocurrencies can help diversify portfolios. a small part I see it as.”
Stating that he previously owned Bitcoin, Dalio also announced that he owns Ethereum in a statement this week. When asked how much wealth he has, “Not so much” he replied.