American Billionaire Ray Dalio Suggests Small Investments in Bitcoin

Ray Dalio told reporters at The Investors Podcast that adding a small percentage of Bitcoin, 1 or 2% to be exact, into your investment portfolio is good practice in the modern-day environment.

Likewise, he listed the main reasons why Bitcoin is a great asset to have. Firstly, he said the network that BTC runs on has never been hacked, and it doesn’t have any competitors, even in the crypto realm. 

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Also, he mentioned that the acquisitions of BTC have risen quite heavily, and the transaction volumes may overtake the market cap of gold, potentially making it a more valuable asset:

"Bitcoin now is worth about one-trillion dollars and the total crypto is worth, cryptocurrencies are worth about two-and-a-quarter-trillion dollars… Whereas gold, that is not held by central banks and not used for jewelry, is worth about five-trillion."

With Bitcoin currently down by 7.03% over the last 24 hours, it seems that more people are looking to take advantage of the price drop. According to data by Bitcoinity, BTC has reached 50.8k transactions today, which is its highest trading volume over the last 30 days.

Aaron S., Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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