THROWBACK: Ray Dalio, founder of the world’s largest hedge fund, on Bitcoin (2021)

“It has proven itself… not hacked… built… an alternative money. We’re entering an era of competition of monies. Bitcoin is part of that.”

Now fast forward to July 2025, Dalio now tells investors to put ~15% of their portfolios into $BTC or gold as protection against fiat debasement.

From calling it “alternative money” to giving it a real allocation, Dalio’s shift shows how far #Bitcoin has come.