Cryptocurrency should take its place in the investment portfolio
Ray Dalio, who is a billionaire and founder of Bridgewater Associates, considers cryptocurrency to be a tool for diversifying the investment portfolio, if we take into account inflation.
Ray Dalio created the world’s largest hedge fund Bridgewater Associates. Today he decided to tell us what his investment strategy looks like. According to the billionaire, the worst investment is assets in monetary terms, as they will simply be absorbed by inflation. Discussing what options there may be to reduce monetary losses during inflation, he called cryptocurrency an alternative to money in an area where “money depreciates in real terms.”
Ray Delio expressed the opinion that the cryptocurrency is able to change investment portfolios so that the inflationary burden falls. He also believes that digital currency can replace cash and some financial assets.
The billionaire noted that the cryptocurrency can become part of a diversified portfolio without having an internal price, since cash is causing more and more problems.
Dalio also mentioned some danger. Cryptocurrency, as an area for investment, is increasingly attracting new investors. Therefore, it may happen that the authorities and regulators will actively try to neutralize their influence.
A little earlier, the billionaire was distrustful of crypto assets, believing that bitcoin would not justify the hopes of those who believe in it so much. But over the past year, he has changed his attitude as a financial expert, calling cryptocurrency an “interesting investment asset.”