(Markets Insider) Ray Dalio says cash might be the “worst investment,” as the hedge fund investor confirmed holdings of Ether, besides Bitcoin.
Dalio, who terms crypto as “impressive,” says they offer an alternative in an environment where cash is depreciating its real value.
The Bridgewater Associates founder says the programming in digital assets has held up for the last 10-11 years while its adoption rate continues.
Dalio, who says he is a strong advocate for diversification, still says he has small holdings of either Bitcoin or Ethereum tokens.
The hedge fund investor believes the unprecedented stimulus by central banks during the pandemic made alternative assets like Bitcoin become more inflation-resistant. He says record inflation could dampen the purchasing power of cash.
Dalio says investors should look to keep assets that are diversified in real and not nominal terms. He believes divarication should also reflect international balance and not only asset classes.
BTCUSD is down -2.03%, ETHUSD is down -4.76%.
