Quote · The Diary Of A CEO with Steven Bartlett
Ray Dalio: I Predicted The 2008 Crash, I Know What Comes Next
Where this was said
Bitcoin vs. Gold: Which Asset Better Protects Your Wealth?
At 29:02 · chapter starts 27:52
When Bartlett raises Bitcoin, Dalio doesn't dismiss it — he holds a 1% position as part of a broader 5–15% hard money allocation [1] — Ray Dalio "Dalio holds 1% portfolio in Bitcoin: Despite preferring gold, Dalio holds approximately 1% of his portfolio in Bitcoin as part of a broader…" 28:48 . But his preference is decisively gold. He explains that gold has a unique property shared by no other financial asset: it is not simultaneously someone else's liability. Bitcoin, by contrast, can be disrupted by quantum computing, monitored and taxed by governments, and no central bank will hold a meaningful position in it for precisely that reason. He points to Russia's experience — confiscated financial assets could not touch their gold — as evidence of gold's geopolitical resilience. For Dalio, the question of hard money is not ideological; it is about which asset remains sovereign in a world of increasing state intervention.
Despite preferring gold, Dalio holds approximately 1% of his portfolio in Bitcoin as part of a broader 5–15% allocation to hard money assets.
Gold is the only financial asset that isn't someone else's liability. Bitcoin can be monitored, taxed, or blocked by governments — and central banks won't hold it. For Dalio, gold's track record as the second-largest reserve currency makes it the superior wealth protector.
Dalio notes gold is still the world's second-largest reserve currency, held by central banks globally, making it a superior wealth preservation asset to Bitcoin in his view.
