Ray Dalio Still Owns Bitcoin, but Says Traceability and Quantum Threat Are Concerns

Why It Matters

Dalio’s skepticism highlights structural risks that could curb institutional adoption of Bitcoin as a sovereign reserve asset, while his broader market warning signals heightened systemic risk for investors and policymakers.

Summary

Bridgewater founder Ray Dalio confirmed he maintains roughly a 1% allocation to Bitcoin, a stake he has held for years. He warned that Bitcoin’s public ledger and potential susceptibility to quantum‑computing attacks make it unlikely to become a global reserve currency, as governments will shy away from assets that can be traced or hacked. Dalio also urged investors to allocate about 15% of their portfolios to Bitcoin and gold, emphasizing gold’s physical ownership advantage. Additionally, he cautioned that the U.S. economy is about 80% into a bubble reminiscent of the pre‑1929 and dot‑com eras, based on his long‑term bubble indicator.