Dalio said during an interview with Yahoo Finance that he owns bitcoin and ethereum. He did not specify the how much worth of crypto he owns Billionaire investor and hedge fund manager Ray Dalio opines that cryptocurrency can be a part of investment portfolios in an environment where the value of the dollar is depreciating in real terms.
According to a Blockworks report, Dalio said during an interview with Yahoo Finance that he owns bitcoin and ethereum. He did not specify the how much worth of crypto he owns.
“I think it’s very impressive that for the last 10 or 11 years that programming has still held up. It hasn’t been hacked … and it has an adoption rate,” the report said quoting Dalio.
The founder of hedge fund manager Bridgewater Associates — and the firm’s CIO since 1985 — during the interview with Yahoo Finance encouraged diversification, adding that crypto is “a relatively small part of the portfolio.” He believes cash the worst investment, due to its loss of buying power.
Dalio also advised investors not to analyse the return on their investments in nominal terms and view it in inflation-adjusted terms. Inflation eats into your cash silently.
