Ray Dalio: “cryptocurrency should be part of every investment portfolio”

Billionaire and Bridgewater Associates founder Ray Dalio sees cryptoassets as a tool to diversify his investment portfolio in line with inflation.

Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, shared his investment strategy. Dalio believes that using assets in monetary terms is the worst investment, because inflation eats it up.

Talking about possible options for reducing financial losses from inflationary processes, Dalio said that he considers cryptocurrency “as an alternative to money in an environment where the value of money depreciates in real terms.”

The billionaire believes that crypto assets will help diversify investment portfolios and reduce inflationary pressures. In his opinion, cryptocurrency should be considered as an alternative to cash and some financial assets.

“Cryptocurrencies may have no intrinsic value, but can be included in a diversified portfolio. I see cryptocurrency as a small part of it and believe that traditional cash is becoming an increasingly problematic asset, ”he said.

At the same time, Dalio warns that as the investment attractiveness of cryptoassets grows, the likelihood increases that governments and regulators will take active efforts to neutralize their influence.

Previously, Dalio was skeptical about cryptoassets and believed that “Bitcoin is unlikely to live up to the hopes of enthusiasts.” However, over the past year, the financial expert has changed his point of view and called cryptocurrencies “an interesting investment asset.”