American Investor and hedge fund manager, Ray Dalio, maintains a bullish view on Bitcoin in 2022, saying that 1-2% portfolio allocation is reasonable.
Bitcoin as an inflation hedge tops the reasons why the American billionaire thinks that the asset is important for investors.
Dalio notes that the Bitcoin network has never had any security breach and that it is facing no serious competitor.
The Bridgewater Associates founder adds that the inflation hedge assets, where gold and bitcoin fall, were likely to perform better in the long term. He lauds the cryptocurrency for surviving the past decade.
Dalio maintains that non-fungible tokens and altcoins offer ideal diversification avenues for bitcoin investors.