Dalio did an AMA on Reddit, and someone asked him how he views Bitcoin's value. He said: - 'Bitcoin has now become an alternative currency with a limited supply. So, all else being equal, if the supply of dollars increases and/or demand decreases, cryptocurrencies are likely to become an attractive alternative. - At the same time, Bitcoin has significant disadvantages during turbulent times—for example, it could be subject to government surveillance or even potential control, and its programming code could be vulnerable to being cracked by new technologies. - Because of this, it’s unlikely to become a reserve currency. - Gold, on the other hand, is the third-largest reserve asset held by governments and individuals when they feel threatened. While it also has flaws, it has a much longer and more established track record. - Based on these considerations, I hold a small amount of Bitcoin and more gold, but the most important thing is to allocate alternative currencies that can effectively store wealth. Most fiat currencies (especially those of highly indebted nations) struggle to maintain value, and relative to hard assets, they will continue to depreciate.'