Ray Dalio, founder of Bridgewater Associates and one of the world’s most influential investors, has made another surprisingly candid endorsement of Bitcoin. Speaking on the Master Investor Podcast, Dalio explained why he believes BTC has earned a place in every investment portfolio.
For the first time, Dalio outlined a specific weighting: “If you want to hedge against the gradual erosion of fiat currencies, you should have around 15% in gold or Bitcoin.” While he continues to express a preference for gold, Dalio explicitly called Bitcoin an “effective diversification instrument”—joining a growing list of prominent advocates. Figures like Larry Fink (BlackRock), Stanley Druckenmiller, and Paul Tudor Jones have also positioned BTC as a strategic macro hedge, sometimes allocating billions.
From Sceptic to Proponent: Dalio’s Changing Stance
Dalio’s core message is that the goal is not speculation, but protection. For neutral investors without a strong market view, diversification is essential—and Bitcoin now plays a legitimate role in that strategy. It’s further proof of BTC’s integration into mainstream finance.
Until about 2017, Dalio was a notable Bitcoin skeptic, calling it a speculative bubble, arguing that BTC was not easily spendable or a reliable store of value due to its volatility. However, over time, he reconsidered his position, seeing Bitcoin as a gold-like alternative with a fixed supply, portability, and growing diversification benefits. As Dalio now admits, Bitcoin has established itself as such an asset over the last decade.
