Billionaire asset manager Ray Dalio has argued that investors should allocate at least 15% of their portfolios to Bitcoin and Gold, as a hedge against macroeconomic risks.

In brief

• Billionaire asset manager Ray Dalio has argued that investors should allocate at least 15% of their portfolios to gold and Bitcoin, as a hedge against macroeconomic risks.
• Dalio argued that rising government debts have not been priced into global markets.
• The Bridgewater Associates founder added that he is “strongly preferring” gold over Bitcoin, and doubts that any central bank would adopt the cryptocurrency on as a reserve currency.