Bitcoin is the new store of wealth but at risk
On the evening of March 22, Ray Dalio, founder and co-chief investment officer of Bridgewater Associates, the world's largest hedge fund, had an in-depth conversation with Wu Xiaopeng, founder of Wall Street Insight, about recent global market trends and Dalio's latest insights on Chinese assets.
In the conversation, Dalio mentioned that the concept of diversity also includes diversity in the form of wealth storage, which refers to his research on the "new darling" Bitcoin.
Bitcoin has proved itself hack-free and widely accepted in some important ways over the past decade, Mr. Dalio said. But bitcoin also faces risks, such as regulatory concerns and supply and demand risks. This is consistent with his views and positions of the past few months.
So rather than spurning gold for bitcoin, he still recommends that people keep between 5% and 10% of their money in gold. 'It's important not to single out any one asset,' he says. 'Everyone should have a percentage of their portfolio that looks like hard currency in case you have a credit and money crisis.'
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
Related Articles
