The founder of Bridgewater Associates, Ray Dalio, is asking that investors assign 15% of their portfolios to Bitcoin (BTC) or gold, citing high risks of the accelerated debt load of the United States and the devaluation of long -term currency.
“If you were optimizing your portfolio to obtain the best return-risk relationship, you would have about 15% of your money in gold or bitcoin,” Dalio said in the Podcast Master Investor Sunday.
The comments mark a notable change of their 2022 recommendation of only 1–2% in BTC, which reflects a growing concern for what Dalio calls a “debt fatality loop.” He pointed out a projected issuance of $ 12 billion in the new treasure broadcast during the next year, required to meet the national debt of $ 36.7 billion of $ 36.7 of the USA.
A United States Treasury report confirmed the trend on Monday, with the government hoping to borrow $ 1 billion in the third quarter, $ 453 billion more than previously scheduled, followed by $ 590 billion in the fourth quarter.
Dalio, who still favors gold on Bitcoin, described as much as “effective diversifiers” in a scenario in which fiduciary currencies lose value in relation to hard assets. Even so, it maintains skepticism about the role of the asset as a reserve currency, citing concerns about the surveillance and transparency of the block chain.
“Governments can see who is doing what transactions in this regard,” he said, adding that any vulnerability at the code level could undermine Bbtcoin’s credibility as an alternative money.
While Dalio has “a bit of Bitcoin”, he framed his updated 15% recommendation as flexible: BTC’s specific relationship is “for you,” he said.
BTC quotes just over $ 118,000 in the Asian morning hours on Tuesday.
