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Ray Dalio: Bitcoin Could Serve as a Diversifier to Gold

Amy Liu

Summary: Ray Dalio, the founder of hedge fund Bridgewater Associates, today said that bitcoin (and some other digital currencies) have over the last ten years established themselves as interesting gold-like asset alternatives." He said, "with similarities and differences to gold and other limited-supply, mobile (unlike real estate) storeholds of wealth. So it could serve as a ...

Ray Dalio, the founder of hedge fund Bridgewater Associates, today said that bitcoin (and some other digital currencies) have over the last ten years established themselves as interesting gold-like asset alternatives." He said, "with similarities and differences to gold and other limited-supply, mobile (unlike real estate) storeholds of wealth. So it could serve as a diversifier to gold and other such storehold of wealth assets. The main thing is to have some of these type of assets (with limited supply, that are mobile, and that are storeholds of wealth), including stocks, in one's portfolio and to diversify among them. Not enough people do that."

By Amy Liu

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