Ray Dalio Says Buy ‘a Bit’ of Bitcoin—But Gold Still Gets the Bigger Allocation

By Isaac • August 21, 2026 7:22 pm •

Ray Dalio is telling investors to own Bitcoin as protection against a debt problem he believes is closing in on the United States.

But the size of that endorsement matters. The Bridgewater Associates founder is not telling people to replace gold with Bitcoin or make BTC the center of a defensive portfolio.

His larger allocation still belongs to gold, with only “a bit” reserved for Bitcoin.

Cointelegraph reported that Dalio now favors underweighting bonds while putting roughly 10%–15% of a portfolio into gold and a smaller amount into Bitcoin. His reasoning is that both assets sit outside the government-debt system, while bonds are promises issued by the same governments whose borrowing and interest costs are creating