ICYMI: Ray Dalio sees gold as the preferred store of value because it has been around for thousands of years Bitcoin $BTC $XAU
He, however, has not turned into a cryptocurrency cheerleader, routinely predicting that governments could end upI think at the end of the day, if it's really successful, they will kill it. They will try to kill it, and I think that they will kill it because they have ways of killing it.
During his recent podcast appearance, Dalio opined that it would be reasonable to allocate up to 2% of one's portfolio into Bitcoin. The hedge fund manager said that the price of the biggest cryptocurrency was unlikely to reach the pie-in-the-sky target of $1 million since he does not believe that Bitcoin will be able to supplant gold.
Dalio sees the yellow metal as the preferred store of value because it has been around for thousands of years.