Ray Dalio, the founder of hedge fund Bridgewater Associates, reiterated that he holds a small amount of bitcoin in his portfolio.
Last year, this financier pointed to the gigantic potential of cryptocurrency. According to him, the limited supply of BTC is the main factor that will support the value of the asset in the long term.
The dollar, on the contrary, will depreciate. Moreover, Dalio did not rule out the devaluation of the US currency to its lowest level since 1971.
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In an interview with CNBC this week, the founder of Bridgewater Associates reiterated that he has bitcoin. However, he did not disclose data on the number of coins in his portfolio. He only confirmed his position and noted that BTC should be considered as a hedging instrument.
The billionaire criticized the Federal Reserve System for literally flooding the economy with money, which leads to a sharp increase in the US national debt.
Bitcoin can be called "digital gold". If you invest at least part of your portfolio in cryptocurrency, you can protect your savings from rising inflation, Ray Dalio emphasized.