Bridgewater Associates founder Ray Dalio said Bitcoin accounts for just 1% of his portfolio and that he still favors gold, according to Bitcoin Magazine. Speaking on a Thursday podcast, Dalio described Bitcoin as a form of money that cannot be printed without limit, but said it faces risks including technological threats such as quantum computing, as well as the possibility of government surveillance and taxation. Dalio had previously said he would not invest in Bitcoin, but has since acknowledged owning it. Even so, he said on the program that gold remains the better choice in his view, stating plainly, "I prefer gold." Dalio had also said last year that Bitcoin represented only 1% of his portfolio.
Bridgewater Associates founder Ray Dalio said Bitcoin makes up only 1% of his investment portfolio and that he still prefers gold, according to Bitcoin Magazine.
Speaking on a Thursday podcast, Dalio said Bitcoin is a kind of money that cannot be printed endlessly. He also said it faces technological risks including quantum computing, and could be subject to government surveillance and taxation.
Dalio had said in earlier years that he would not invest in Bitcoin. He now acknowledges that he holds it, but still maintains that gold is the better option. During the program, he said, "I prefer gold."
Dalio also said last year that Bitcoin accounted for just 1% of his portfolio.
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