Billionaire and founder of Bridgewater Associates Ray Dalio believes that although cryptocurrencies are suitable for diversifying an investment portfolio, there has been too much noise around them.
During an interview on The David Rubinstain Show, Ray Dalio reiterated his point that cryptocurrencies are a risky asset. According to him, some states may well prohibit the use of cryptocurrencies on their territory. So, in China, cryptocurrencies are already banned, and two weeks ago, the Central Bank of the Russian Federation proposed to ban such assets.
According to Dalio, too much attention is now drawn to cryptocurrencies. However, as the founder of the largest hedge fund in the world emphasized, now there are no risk-free assets left at all. Digital assets can suffer from bans and government pressure, while fiat currencies are subject to inflation and political risks. The investor noted:
“Cryptocurrencies are interesting to me. I think we are now at a stage of development where we should have different types of money.”
Earlier, Dalio said that digital assets should be part of any investment portfolio, but take only a small share of it and act as a tool for diversification. In addition, he is extremely interested in NFTs.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
