Ray Dalio is the founder and co-chairman of the firm.
The images were taken by KIMBERLY White.
It is reasonable to allocate 2% of one's portfolio to bitcoins.
The hedge fund titan made a statement in a recent episode.
"I think that's correct, I think that's reasonable," said the billionaire when William Green asked if allocating 1-% 2% seemed reasonable.
The founder and co-chief investment officer of the world's biggest hedge fund was a critic of cryptocurrencies as recently as November 2020. He called the digital assets a bubble.
The billionaire walked back on some of his comments on the world's largest digital asset.
It has not been hacked. It has not been made obsolete. He told Insider in December that it had imputed value. It's probably the next generation's version of gold.
Since then, he has confirmed that he owns ether as well as bitcoin and described both holdings as a relatively small part of his portfolio.
The concerns about the US government outlawing the digital currency, which he's shared before, was discussed by the man in the show. He is confident that the price of goods and services will eventually go up, but he thinks that the price of gold is a good hedge against that.
"Inflation-hedge assets are probably going to do better over time," he said. "That's why I'm against cash and those types of things."
The billionaire said in December that cash is the worst investment.
The price of gold fell 3.6% last year, its biggest annual decline since 2015, while the price of the digital currency, known as bitcoin, jumped around 60%.
As of Thursday morning in New York, the price of the virtual currency was $42,776, down about 7% from Wednesday. If the asset continues to take market share from gold, it could hit $100,000, according to Goldman.
Business Insider has an original article.
