{"id":316153,"date":"2021-08-05T05:25:24","date_gmt":"2021-08-05T02:25:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/billionaire-ray-dalio-likes-bitcoin-but-would-choose-gold-every-time\/"},"modified":"2021-08-05T05:25:24","modified_gmt":"2021-08-05T02:25:24","slug":"billionaire-ray-dalio-likes-bitcoin-but-would-choose-gold-every-time","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/billionaire-ray-dalio-likes-bitcoin-but-would-choose-gold-every-time\/","title":{"rendered":"# Billionaire Ray Dalio likes Bitcoin but would choose gold every time"},"content":{"rendered":"

“# Billionaire Ray Dalio likes Bitcoin but would choose gold every time <\/strong>”
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Hedge fund manager Ray Dalio says he\u2019s still bullish on Bitcoin (BTC) but has a greater penchant for gold.<\/p>\n

Speaking to CNBC on Wednesday, the billionaire investor admitted to owning a \u201cvery small amount\u201d of Bitcoin but\u00a0said<\/a> that he would choose gold if he had to make the choice between the two.<\/p>\n

\u201cIf you put a gun to my head, and you said, \u2018I can only have one.\u2019 I would choose gold.\u201d<\/p><\/blockquote>\n

But he added that he sees Bitcoin as digital gold and that it remains an important way to diversify. \u201cThere are certain assets that you want to own to diversify the portfolio, and Bitcoin is something like a digital gold,\u201d he said.<\/p>\n

Dalio has been a long-term gold bull, with his Bridgewater hedge fund having poured more than $400 million into gold in the second quarter of last year. In 2019, he wrote that adding gold can help balance a portfolio because it is both risk-reducing and return-enhancing.<\/p>\n

The store of value properties makes it attractive to Dalio, who considers it a natural hedge against inflation. Central banks currently hold more than 35,000 metric tons of gold, which equates to about a fifth of all gold ever mined.<\/p>\n

Dalio has previously warned about possible regulation of crypto assets and even a potential ban in the United States just as it did with gold ownership in the 1930s. In Dalio\u2019s mind, there is \u201ca reasonable chance\u201d that Bitcoin could eventually be outlawed by the federal government.<\/p>\n

He remains cautious about Bitcoin but still wants it in his portfolio for diversification purposes, adding, \u201cBy and large, I don\u2019t really know whether Bitcoin is going to go up or down. I could argue both sides of that.\u201d<\/p>\n

In May, he stated that he would\u00a0prefer to purchase BTC over bonds during an interview at the Consensus crypto conference.<\/p>\n

Related:\u00a0<\/em><\/strong>Ray Dalio does 180 on Bitcoin, calls it \u2018one hell of an invention\u2019<\/em><\/strong><\/p>\n

At the time of writing, gold is trading at $1,810 per ounce, having lost 4.4% since the beginning of the year. Bitcoin, conversely, is up 36% over the same period, trading at $39,360, according to CoinGecko.<\/p>\n

Another billionaire musing on Bitcoin in recent days is venture capitalist Marc Andreessen. In a new interview<\/a> with Bloomberg on Tuesday, the co-founder of Andreessen Horowitz said BTC was \u201cone of the most amazing things I\u2019ve ever seen\u201d and a \u201cfundamental technological breakthrough.\u201d<\/p>\n

However, the report suggested he was more enthusiastic about the decentralized system upon which it is built. He said \u201cmany of the smartest people in computer science<\/a> are going into this field,\u201d adding that it represented \u201ca new kind of financial system\u201d where people are \u201cable to form trust relationships in an untrusted environment.\u201d<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Billionaire Ray Dalio likes Bitcoin but would choose gold every time ” Hedge fund manager Ray Dalio says he\u2019s still bullish on Bitcoin (BTC) but has a greater penchant for gold. Speaking to CNBC on Wednesday, the billionaire investor admitted to owning a \u201cvery small amount\u201d of Bitcoin but\u00a0said that he would choose gold…<\/p>\n","protected":false},"author":1,"featured_media":316154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvNTg2OTdhODItNjFiMS00YTRmLWI2YjItNmIwZDRkNmNmNWU5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,71835,73711],"class_list":["post-316153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-gold","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/316153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=316153"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/316153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/316154"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=316153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=316153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=316153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}