In an AMA on Reddit, Dalio was asked about his views on the value of Bitcoin. He responded: - "Bitcoin is now an alternative currency with a limited supply. Therefore, all else being equal, if the dollar money supply increases and/or demand decreases, cryptocurrencies are likely to become attractive alternatives. - At the same time, Bitcoin also presents significant disadvantages during periods of volatility—for example, the potential for government surveillance and even control, and the possibility that its programming code can be cracked by new technologies. - For this reason, it is unlikely to become a reserve currency. - Gold, on the other hand, is a third-largest reserve asset that governments and individuals hold when they feel threatened. While it also has its flaws, it has a longer and more established track record. - Based on these considerations, I hold a small amount of Bitcoin and a larger amount of gold. However, the key is to allocate to alternative currencies that effectively store wealth, as most fiat currencies (especially those with high debt) are not effective stores of value and will continue to depreciate relative to hard currencies."