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Ray Dalio recommends modest Bitcoin allocation alongside gold

The Bridgewater founder suggests overweighting precious metals and cryptocurrency over bonds to guard against a potential US debt crisis.

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Ray Dalio, founder of Bridgewater Associates, has called on investors to allocate a portion of their portfolios to Bitcoin and gold rather than debt assets such as bonds. In a LinkedIn post, Dalio proposed holding between 10% and 15% in gold to reduce portfolio risk, citing emerging internal political and external geopolitical conflicts.

Dalio estimated that a US debt crisis could materialize within roughly three years if current fiscal trends persist. He recommended holding up to 15% in cryptocurrency and gold combined, though he characterised his Bitcoin allocation as small relative to his gold holdings.

The hedge fund founder, with an estimated net worth exceeding $15 billion, has previously expressed reservations about Bitcoin, noting it cannot fully replace gold as a store of value and raising concerns about privacy and quantum computing risks. His position marks a shift from 2022, when he suggested a 1% to 2% Bitcoin allocation was "reasonable."

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