Billionaire Investor Ray Dalio Keeps Just 1% of His Portfolio in Bitcoin, Favors Gold Instead

In an episode of the Diary of a CEO podcast, Bridgewater Associates founder Ray Dalio revealed that only 1% of his portfolio is invested in Bitcoin. He explained that BTC has value as a form of money, but he trusts gold more because it has fewer long-term risks.

Ray Dalio explains why gold remains his favorite

During the interview, Ray Dalio described Bitcoin as a type of money because it cannot be printed like normal currencies. But he said it still had weaknesses that make gold a safer investment. He also pointed to the possible threat of quantum computing.

“Bitcoin is a type of money that can’t be printed, but there are technologies that can hurt it — in other words, if there’s quantum computing,” he said.

🚨 JUST IN: RAY DALIO KEPT 1% OF ASSETS IN BITCOIN

🔸 Recommends 5% to 15% in hard money.

🔸 Prefers gold due to quantum computing risk and because Bitcoin can be “monitored by governments.” 

🔸 “Central banks will not own any significant amount of Bitcoin.” pic.twitter.com/IdZKEeLB8Q

— Bitcoin Archive (@BitcoinArchive) July 30, 2026

The legendary investor went ahead to warn that governments can monitor Bitcoin transactions, regulate the asset, or even increase taxes on it.

“it can be monitored by governments and so on, and it could be taxed. And digital currencies are somewhat similar.” “I prefer that,” Dalio said, pointing to gold bars during the interview, “rather than Bitcoin.”

This is not a new opinion. Back in 2020, he noted that Bitcoin was way too volatile to function as everyday money, while telling investors to own some gold instead.

Even after adding BTC to his portfolio, his allocation has not changed. He had disclosed last year that the asset accounted for just 1% of his investments.

According to Dalio, governments have major power over financial markets. He believes that central banks would not want to hold large amounts of BTC because they prefer a system that can stay under their control.

“When the governments say I don’t want it, they have the power, therefore, to do whatever they want with it, “ he said. “Central banks will not own any significant amount of that because of the reason I said: they want their transactions to be private and in their control.”

Bitcoin continues gaining support despite concerns

While Ray Dalio stays away from BTC, Wall Street institutions have kept launching BTC products. For context, last month, Franklin Templeton filed for two ETFs with the SEC that would invest stock dividends into Bitcoin.

BlackRock CEO Larry Fink has even called the coin an “international asset” and compared it to “digitizing gold,” showing major support for the asset.

However, Dalio noted that BTC still has a much smaller market than gold. Earlier in the year, the founder spoke on the All-In Podcast, where he said the coin gets a great deal of attention but is still “a relatively small market” compared to gold.

Dalio has often alluded that Bitcoin acts more like a technology investment than a safe-haven asset. That alone means its price would move just as tech stocks do in bear markets.

Despite his preference for gold, Ray Dalio has softened his stance on the coin over the years.

He had initially shared that he would never invest in crypto. But he later shared that he owns some and called Bitcoin “one hell of an invention.”

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