| Mobile Web

Ray Dalio says he holds bitcoin but only 1 percent, still prefers gold

Ray Dalio, founder of Bridgewater Associates, said bitcoin still accounts for about 1 percent of his overall portfolio and that he prefers gold as an investment priority. He described bitcoin as a type of money that cannot be printed, but cited risks including technological change and potential government intervention such as monitoring or taxation. He also reiterated concerns about regulation and said central banks are unlikely to hold bitcoin in meaningful size.