{"id":903,"date":"2022-01-06T13:57:26","date_gmt":"2022-01-06T13:57:26","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=903"},"modified":"2022-01-06T13:57:27","modified_gmt":"2022-01-06T13:57:27","slug":"billionaire-ray-dalio-recommends-reasonable-1-2-bitcoin-allocation","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=903","title":{"rendered":"Billionaire Ray Dalio recommends \u2018reasonable\u2019 1%\u20132% Bitcoin allocation"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is \u201cimpressive.\u201d In a recent interview with\u00a0<em>The Investors Podcast<\/em>, he talked up gold and BTC as an inflation hedge.<\/p>\n<p>When prompted by interviewer William Green about what a sensible allocation for a layperson would be, Dalio said that he agrees with fellow billionaire Bill Miller\u2019s suggestion that 1%\u20132% is the right allocation. <\/p>\n<p>He explained that the network has never been hacked; it has no better competitor; and BTC adoption rates would suggest that it could further chip away at gold\u2019s market capitalization:<\/p>\n<p>\u201cBitcoin now is worth about $1 trillion, whereas gold that is not held by central banks and not used for jewelry is worth about $5 trillion. When I look at that, I keep that in mind because I think, over time, inflation hedge assets are probably likely to do better.\u201d<\/p>\n<p>The founder of the world\u2019s largest hedge fund, Bridgewater Associates, Dalio echoed comments made last year during the recent interview with the podcast, saying he was impressed that\u00a0Bitcoin has survived the past decade while reiterating that he is \u201cnot favorable to cash.\u201d <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>There\u2019s a Bitcoin boom among Baby Boomers, reports BTC Markets<\/em><\/strong><\/p>\n<p>Dalio did caveat his musings on the rise of Bitcoin, highlighting the zealotry surrounding the Bitcoin community as being a possible Achilles heel, and as is to be expected for the investor known as \u201cMister Diversification,\u201d he also asked a broader question regarding digital assets:<\/p>\n<p>\u201cWhen does somebody collect, take the money they made in Bitcoin and then diversify that and, in other words, move to other things?\u201d<\/p>\n<p>He waxed lyrical about nonfungible tokens and other coins as potential diversification destinations. For the moment, however, BTC occupies a place in his \u201cinflation hedge asset class\u201d alongside gold. <\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/billionaire-ray-dalio-recommends-reasonable-1-2-bitcoin-allocation\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is \u201cimpressive.\u201d In a recent interview with\u00a0The Investors Podcast, he talked up gold and BTC as an inflation hedge. When prompted by interviewer William Green about what a sensible allocation for a layperson would be, Dalio said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=903"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/903\/revisions"}],"predecessor-version":[{"id":905,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/903\/revisions\/905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/904"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}