According to this well-known investor, Bitcoin is the new gold

It is reminiscent of gold and according to him it can do no harm to make Bitcoin part of your portfolio.

If you are planning to invest, one thing is crucial. Scatter! By not investing fist-deep in one sector, you prevent your entire portfolio from being flooded if a specific sector is hit by a crisis. Spreading can also mean buying a variety of things, from stocks and commodities to cryptocurrency.

MarketWatch recently had an interview with Ray Dalio. This billionaire is one of the most famous investors in the United States. He is the chief executive of Bridgewater Associates, one of the largest hedge funds in the world. In interviews, Bitcoin related questions are often asked to successful investors and Dalio was also asked such a question.

In the interview, the billionaire makes it clear that he believes in the potential of the blockchain. In addition, he says that you can see Bitcoin as the new gold. He says that he is not an expert, but that it does not hurt to make Bitcoin part of your portfolio. Gold is a proven alternative to fiat money in times of inflation. Bitcoin could be, though it’s been around too recently to see it as solid as gold. Only in decades to come you can look back and conclude whether Bitcoin is as good capital protection as gold. In short, time will tell.