The founder of Bridgewater Associates, Ray Dalio, asks investors to allocate 15% of their Bitcoin (BTC) or gold portfolios, citing increased risks of the load of accelerated debt of the United States and the devaluation of the long-term currency.
“If you optimize your portfolio for the best risk return to risk, you would have around 15% of your silver in gold or bitcoin,” said Dalio on the Podcast Master Investor on Sunday.
The comments mark a notable change compared to its recommendation in 2022 from only 1 to 2% in BTC, reflecting an increasing concern of what Dalio calls a “loop of condemnation of debt”. He underlined a scheduled program of $ 12 billion of new treasurys in the next year, held the national debt of 36.7 Billions of US dollars.
An American treasure report confirmed the trend on Monday, the government planning to borrow $ 1 billion in the third quarter, $ 453 billion more than expected, followed by $ 590 billion in the fourth quarter.
Dalio, who always promotes gold on Bitcoin, described both effective “diversifiers” in a scenario where fiduciary currencies lose value compared to hard active ingredients. However, it maintains skepticism as to the role of assets as a reserve currency, citing concerns about the supervision and transparency of the blockchain.
“Governments can see who makes transactions on this subject,” he said, adding that all vulnerabilities at the code level could undermine BBTcoin’s credibility as an alternative increase.
While Dalio has “a little bitcoin”, he has drawn up his 15% as flexible recommendation: the specific BTC to you is “to you,” he said.
BTC exchanges just over $ 118,000 in Asian morning hours on Tuesday.
