Ray Dalio: Investors Should Keep Up to 15% of Capital in Gold or Bitcoin
Date: 2025-07-30 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
American financier and founder of the hedge fund Bridgewater Associates Ray Dalio recommends that investors consider placing up to 15% of their assets in gold or bitcoin. In the latest Master Investor podcast, he noted that such instruments are a good insurance against the depreciation of traditional currencies.
Although he himself prefers gold, Dalio admitted that he also has some bitcoins. He emphasized that both assets can effectively reduce the risks associated with the high debt burden in the global economy. In his opinion, if you approach investments rationally, without emotional attachment, then it is reasonable to distribute up to 15% of capital between these two assets.
Bitcoin, according to the investor, has a number of advantages, such as limited emission and ease of international transfers. However, he expressed doubt that BTC could become a full-fledged reserve currency, since the cryptocurrency’s code can be changed, and the transparency of transactions allows governments to track the financial activity of users.
“I don’t think central banks will use Bitcoin as a reserve. It’s too transparent, and governments can see who is doing what. This reduces its suitability as a form of money,” he noted. At the same time, he acknowledged that many see BTC as an attractive alternative.
Notably, in 2022, Dalio was much more cautious in his recommendations and advised keeping no more than 1-2% of the portfolio in cryptocurrencies. The current position indicates a noticeable change in his views amid global economic threats.
The situation in the US economy is causing serious concerns. The national debt has already reached $37.1 trillion, while the debt-to-GDP ratio is 123.2%. The government continues to spend more than it takes in, and Dalio estimates it will have to issue about $12 trillion in new bonds in the next year.
The billionaire believes that we are approaching the final stages of a debt supercycle — a period when obligations become unsustainable. This could trigger higher rates, a devaluation of the dollar, and a fall in the stock market. He warns that investors should prepare for these risks in advance by choosing more stable instruments such as gold and Bitcoin.
