The former skeptic not only admitted to owning a tiny amount of Bitcoin (BTC) but also praised the <a href="https://oltnews.com/billionaire-ray-dalio-says-bitcoin-is-the-alternative-to-gold-for-younger-generations" target="_blank" rel="nofollow noopener">flagship</a> cryptocurrency's progress since its launch. He stated that it had never been "hacked" or had a security breach.

"There's a lot of money following all kinds of things, including cryptocurrency." These were the statements of the founder of Bridgewater Associates, the world's largest hedge fund.
<h2>Bitcoin is the Alternative to Gold</h2>
In a recent interview with MarketWatch, Billionaire Ray <a href="https://www.cryptoknowmics.com/news/if-bitcoin-gains-popularity-governments-will-attempt-to-extinguish-it-ray-dalio/">Dalio</a> said he believes in blockchain technology because it has "earned credibility."

Dalio is regarded as one of the most successful and influential hedge fund managers of all time. He was not always a Bitcoin supporter, though. However, he now admits to holding a "little amount" of the cryptocurrency in his portfolio.

While discussing investment portfolios, Dalio also stated that Bitcoin is practically a younger generation's gold substitute, adding,
<blockquote>..a portfolio should start with, under a worst-case scenario, what assets protect it and make sure it's diversified. It's almost a younger generation's alternative to Gold, and it has no intrinsic value, but it has imputed value, and it has, therefore, some merit."</blockquote>
Dalio acknowledged that Bitcoin has several difficulties. He warned that some governments will ban bitcoin if they believe it poses a danger to the status quo or if it becomes "relatively appealing."

He believes that central banks and big financial organizations will not own a considerable quantity of BTC. This isn't the first time the company's founder has made such a declaration. In September of this year, Dalio stated that if Bitcoin becomes genuinely successful, regulators may "kill" it and that they have methods to do so.
<h2>I would Choose Gold-Dalio</h2>
It isn't easy to judge whether Dalio is entirely sold on the Bitcoin notion. Dalio is not a vast Bitcoin holder, despite his bullishness in blockchain technology and belief that the cryptocurrency has accomplished a spectacular feat.

He stated this earlier in 2021, stating that if a gun was pointed at his head and he had to choose, he would select Gold over Bitcoin. Although the billionaire has become more interested in cryptocurrencies, he still considers Gold superior. Dalio's decision to back Bitcoin at this time stems simply from a need for diversification.

Billionaire Ray Dalio Believes Bitcoin is a Gold Alternative for Younger Generations

In a recent interview with MarketWatch, Billionaire Ray Dalio said he believes in blockchain technology because it has "earned credibility."

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Billionaire Ray Dalio Believes Bitcoin is a Gold Alternative for Younger Generations

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