Billionaire investor Ray Dalio, founding father of Bridgewater Associates, reiterated his cautious stance on Bitcoin this week, revealing that he holds solely a small fraction of the cryptocurrency in his portfolio.
Talking on CNBC’s Squawk Field, Dalio mentioned, “I’ve a small proportion of Bitcoin… I’ve had it endlessly, like 1% of my portfolios,” underscoring his dedicated and restricted publicity to the asset.
Dalio, lengthy identified for his macroeconomic insights and considerably doubtful Bitcoin takes, emphasised that Bitcoin faces structural challenges that hinder its adoption as a worldwide reserve forex.
He pointed to Bitcoin’s transparency and traceability as main constraints, arguing that governments are unlikely to depend on a financial system that’s totally trackable.
“It’s not going to be a reserve forex for main nations as a result of it may be tracked,” he mentioned.
Bitcoin beneath menace?
Along with regulatory hurdles, Dalio flagged potential long-term safety dangers. Advances in computing, significantly quantum expertise, may someday threaten Bitcoin’s cryptographic basis, Dalio contended.
“It may very well be conceivably, with quantum computing, managed, hacked, and so forth and so forth,” he warned.
Blockchain analytics agency Chainalysis estimates that quantum breakthroughs may jeopardize Bitcoin’s safety inside 10 to fifteen years, highlighting the technical challenges the community faces.
Dalio has traditionally expressed skepticism about Bitcoin’s trajectory. In 2021, he cautioned that governments may intervene if the cryptocurrency grew to become too extensively adopted, saying, “If it turns into actually profitable, they may kill it. They usually have methods of killing it.”
But he has additionally acknowledged Bitcoin’s sturdiness, noting in later interviews that it has “confirmed itself… it hasn’t been hacked, it’s stood the take a look at of time.”
Bridgewater Associates’ Q3 2025 filings with the SEC reveal a large $25.53 billion U.S. fairness portfolio spanning greater than 1,000 positions.
Whereas he has beforehand in contrast Bitcoin to digital gold, Dalio continues to advocate for conventional hedges corresponding to gold, which he describes as an asset “you may maintain, and also you’re not depending on somebody to supply it.”
Dalio’s feedback arrive amid market concern, as Bitcoin lately slipped under $86,000 following delayed U.S. employment knowledge and broader macroeconomic pressures. Bitcoin lately hit all-time highs in October, however has since slipped 32%.
On the time of writing, bitcoin’s value is $86,521, per most up-to-date Bitcoin Journal Professional knowledge.