Ray Dalio says Bitcoin is not the answer, the community responds

While billionaire Ray Dalio believes that fiat is in jeopardy, he also thinks that neither Bitcoin (

Dalio has historically gone back and forth when it comes to his position on Bitcoin. In 2021, went from describing Bitcoin as “one hell of an invention” to a more negative narrative, speaking of a potential ban on Bitcoin in the United States and saying that he would choose gold over Bitcoin.

In 2022, the billionaire recommended a 1% to 2% Bitcoin allocation for investor portfolios. Back then, Dalio praised BTC for its resilience against hacks and said that it has no better competitor in the market.