Ray Dalio Owns 1% in Bitcoin as 'Money That You Can’t Print' but 'Prefers the Gold Bars'

Billionaire investor Ray Dalio said he holds roughly 1% of his portfolio in Bitcoin (CRYPTO: BTC), viewing it as a form of money that cannot be printed.

However, he continues to prefer gold as a long-term store of value.

"I have 1% Of Portfolio In BTC"

In a “Diary of a CEO” interview on July 30, Dalio described Bitcoin as one of several forms of "hard money" that investors can use to protect themselves against the depreciation of government-issued currencies.

"I have about 1% of my portfolio in Bitcoin because there’s different kinds of money, and the money that you can’t print, that’s one kind," Dalio said.