Ray Dalio admitted that he had invested in BTC. It is also attractive to billionaire Andressen

Ray Dalio confirmed to CNBC that he owned a “very small amount” of BTC, but would give it up in favor of gold if he had to. “If you put a gun to my head and tell me I can only have one, I’ll choose gold.” he admitted.

However, Dalio also stated that he sees BTC as a digital form of gold and that it remains a tool for him to successfully adjust his portfolio. “There are certain assets you want to diversify your portfolio and BTC is just like digital gold,” stated.

“I own a very small amount of BTC. I am not a big owner,” Ray Dalio told CNBC. Billionaire investor Ray Dalio said that while he thinks of BTC.

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As for gold, its affection for the most valuable precious metal has long been known. His fund Bridgewater Associates poured more than $ 400 million into gold in the second quarter of 2020. In 2019, he wrote about it that adding gold to the investment portfolio reduces the overall investment risk and increases the probability of return. In other words, gold is considered a natural hedge against inflation.

According to him, BTC is more risky

Dalio’s attitude toward BTC formed a little longer. He has considered it interesting for several years, but in 2020 he warned quite significantly against it. The respected investment veteran is particularly concerned about possible harsh regulatory intervention against Bitcoin by governments, while also drawing attention to the infamous law of 1933, when US President Franklin Roosevelt ordered the expropriation of all privately owned gold. He suggested that something similar could happen to BTC if it became too dangerous for the US government and the dollar.

BTC also impresses billionaire Andressen

Ray Dalio is not the only respected billionaire who has confirmed his affection for BTC in recent days. A risky investor also did so Marc Andressen, in an interview with Bloomberg on Tuesday, admitted that BTC is “One of the most amazing things he has ever seen.”

Andressen said he was enthusiastic about the decentralized nature of cryptocurrencies. ,Many of the smartest people in the field of informatics go to this area. It’s a new kind of financial system in which people are able to build trustworthy relationships in an untrustworthy environment. “ he praised the most famous digital currency and added that cryptocurrencies bring “A major technological breakthrough.”

Marc Andressen, 50, is a co-founder of the browser Netscape and also a co-founder of a software company Opsware successfully sold by Hewlett-Packard. He is also the founder of the successful investment company Andressen Horowitz, which he founded in 2005 with his friend Ben Horowitz.

Among other things, this company has managed to estimate the potential in companies such as Twitter a Qik and is currently known for several investments in potential crypto-startups and also for the management of specialized investment funds focused on cryptocurrencies.

According to Bloomberg, Andressen Horowitz currently has $ 18 billion in capital under control. At the same time, it is definitely worth mentioning that it owns a large part of the shares of the largest American cryptoexchange Coinbase, worth almost $ 10 billion. Company also participated in rounds of financing cryptoprojects such as Aleo, Talos, Dfinity (Internet Computer) or Solana Labs (Solana).