Three years ago, he didn't want more than 2%, but today, influential American billionaire Ray Dalio advises allocating 15% of his assets to Bitcoin.

As Bitcoin surpassed $120,000 , more and more investors are taking an interest in the queen of cryptocurrencies. Billionaire Ray Dalio, whose net worth is estimated at $16 billion by Bloomberg , recommended allocating 15% of one's portfolio to Bitcoin or gold to achieve "the best risk-return ratio." In 2022, the founder of Bridgewater Associates suggested allocating between 1 and 2% of one's portfolio to Bitcoin. His investment strategy has changed significantly because he is concerned about a stock market crash due to the increase in public debt in the United States.

The US government "has accumulated a debt that is six times greater than what it receives (...) and interest payments that amount to $1 trillion per year, which represents half of its budget deficit," he indicated in the podcast The Master Investor. As a reminder, the US debt has almost doubled in ten years and currently stands at $37.16 trillion.

In this context of uncertainty, Ray Dalio believes that gold, which he "prefers" to bitcoin, could serve as a hedge against a devaluation of traditional currencies in the event of a market crash. "I have gold and I have a little bitcoin, but not much," he admitted.

In a stock market turmoil, investors often turn to safe havens like gold. A safe haven is an asset uncorrelated with economic upheavals, designed to withstand the financial market's downturn. In recent years, Bitcoin has begun to fulfill this role, despite the fluctuations of the queen of cryptocurrencies.

As a reminder, Bitcoin reached a record high on July 14 at $123,000. The queen of cryptocurrencies, buoyed by a favorable context in the United States with the arrival of Donald Trump to power, gained 63% in one year.