Legendary Investor Ray Dalio Still Holds Bitcoin — But Only 1% of His Portfolio

Ray Dalio reiterated his preference for gold over Bitcoin, saying Bitcoin remains only a 1% position in his portfolio. In a podcast appearance, he argued that Bitcoin has some money-like properties because it cannot be printed, but highlighted risks such as quantum computing, government monitoring, taxation, and potential state crackdowns. His comments reinforce a cautious institutional stance toward Bitcoin, even as broader traditional finance adoption has improved. The article frames Bitcoin as still gaining legitimacy among major investors, but Dalio’s view underscores ongoing concerns about volatility, regulatory control, and long-term durability versus gold. Market impact is likely modestly negative for Bitcoin sentiment, though the broader narrative remains that institutional acceptance is increasing over time.