RATE Group | Ray Dalio Calls for Investment Diversification, But Not in Bitcoin
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Ray Dalio Calls for Investment Diversification, But Not in Bitcoin

22 Jan Ray Dalio Calls for Investment Diversification, But Not in Bitcoin

Posted at 14:14h in Bitcoin News by

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Ray Dalio, multi-billionaire and founder of investment firm Bridgewater Associates, said investors should not miss out on traditional markets, CNBC reported on Jan. 21.

Dalio warned from holding Bitcoin, saying that it’s neither a medium of exchange nor a store of value.

Dalio was interviewed at the World Economic Forum in Davos, Switzerland, where he advised investors to hold a global and diversified portfolio in this market, while increasing their stake in stock markets.

While Dalio acknowledged recession concerns, he argued that “cash is trash” due to the government’s ability to print it at will — something he believes they will be forced to do during a market downturn. Due to this, jumping into cash just before the eventual market fall is ill-advised, according to Dalio.

The billionaire still cautions balance, advising investors to hold “a certain amount of gold” in their portfolios.

His stance on Bitcoin (BTC) was far more negative, however, noting that it is not…

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