Advertisement
AD

Main navigation

Bridgewater's Ray Dalio Makes Case for Diversifying Portfolios with Bitcoin

Advertisement
Fri, 16/04/2021 - 19:14
Bridgewater's Ray Dalio Makes Case for Diversifying Portfolios with Bitcoin
Cover image via en.wikipedia.org
Read U.TODAY on
Google News

Billionaire Ray Dalio, who founded leading hedge fund Bridgewater Associates, said that Bitcoin had proven itself during the Texas A&M’s Bitcoin Conference:

Advertisement

Bitcoin has proven itself... as money with imputed value.  

He reiterated that the largest cryptocurrency had never suffered a hack while adding that its adoption continues to grow.     

The legendary hedge fund manager claims that investors are not supposed to be focused on one thing. Instead, they should strive to diversify their portfolios with Bitcoin because "it's got merit." 

Advertisement

Individuals should not be so focused on one magical thing, but what is the thing that can have a diversifying impact on your portfolio.

Dalio also doubled down on his criticism of government bonds and cash, advising investors against holding these assets:    

Why the hell are you holding that? How much cash do you have? Why the hell are you holding that?     

Related

Other high-profile participants  

Apart from Dalio, the Bitcoin conference featured a slew of other high-profile speakers, including venture capitalist Tim Draper, MicroStrategy CEO Michael Saylor, Rob Kaplan of the Federal Reserve Bank of Dallas, and hedge fund manager Bill Miller. 

Miller donned a Bitcoin hat that could rival Draper's famous Bitcoin tie. 

Article image
Image by @twitter.com

      

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD