Ray Dalio Keeps 1% Bitcoin Allocation, Says BTC Not Yet Reserve Asset
Billionaire investor Ray Dalio reiterated a cautious stance on Bitcoin, confirming it makes up roughly 1% of his portfolio and that the allocation has been unchanged for years. Dalio said BTC is still not suitable as a reserve asset, describing the position as a small, stable slice of his overall strategy rather than a core reserve holding. His comments underline a measured, long-term experiment rather than full endorsement.
The significance is twofold: a high-profile investor publicly holding a small exposure provides some endorsement of Bitcoin’s role as a diversifier, yet his refusal to treat it as a reserve asset underscores lingering concerns about volatility, liquidity and regulatory uncertainty. For markets, Dalio’s stance may temper expectations of rapid institutional adoption while signalling that major managers are keeping crypto as a limited tactical allocation rather than a replacement for traditional reserves.