December 20, 2021 10:11 GMT
The founder of the world’s largest hedge fund indicated that cryptocurrency is one option for diversifying your investments.
The billionaire advised: “Don’t judge anything of your revenue or assets by face value, by the number of dollars you own. Look at it in terms of inflation-adjusted dollars.” “So in cash, like this year, you’re going to lose 4% or 5% because of inflation. So pay attention to that, because I think that would be the worst investment,” he said.
Dalio, whose fortune is estimated at $15.6 billion per Bloombergadvised diversification of investments He noted that cryptocurrency is one option to do so. “I see it as an alternative cash in an environment where cash is depreciating in real terms,” the investor commented, explaining that apart from bitcoin he has some money invested in Ethereum.
Similarly, the billionaire explained that diversification should take place by asset classes, as well as by countries. ‘This diversification It must also be international, from countries, not just asset classes, they have a really well diversified portfolio.”