In a recent interview with the Economic Times, billionaire investor and Bridgewater Associates founder Ray Dalio discussed the potential of digital assets. Bitcoin, in particular, highlighted its impressive performance over the past decade.
The 72-year-old American investor alsonotedthat Bitcoin’s limited supply makes it akin to internationally accepted inflation hedges like gold.
However, he does not see the central bank using Bitcoin as a reserve asset. due to a number of issues such as privacy and bans in some countries.
“It still has issues with them, verifiable transactions cause privacy issues, it could be regulated or shut down, or it could be illegal and potentially a threat to alternative currencies, so I don’t think so. that it will be kept as a central bank reserve for various reasons,” he said.
While Dalio believes that investors should have digital assets such as Bitcoin in their portfolios. But he noted that gold works better as a hedge against inflation.
He also argued that the total market capitalization of Bitcoin is less than that of Microsoft, which makes it less preferred for wealth storage compared to gold.
However, the billionaire is optimistic about the growth of the Crypto industry in the next 10 years.
billionaire investor pointed out that due to the changing global economic environment Therefore, it is good for investors to diversify their investment portfolios. He commented that all investors should have crypto, gold and other traditional assets in their portfolios to strengthen them against extreme inflation.
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