Bridgewater founder confirms a 1% Bitcoin allocation, noting disadvantages versus gold as a reserve asset due to central bank adoption challenges and transaction traceability concerns.
Ray Dalio, founder of Bridgewater Associates, said on Nov. 6 that about 1% of his wealth is invested in Bitcoin. He argued that Bitcoin is less effective than gold as a store of value, pointing to difficulties for central banks to adopt it as reserves and the ease of tracing blockchain transactions. Dalio maintained his skepticism about Bitcoin’s potential as a major reserve currency despite his personal investment.