In a recent TED interview, Bridgewater Associates co-chairman and co-CIO, Ray Dalio, labeled cash as a risky place to park wealth, although he failed to mention Bitcoin (BTC) as an culling.

"Practise not think that greenbacks is a safe investment," Dalio told TED interviewer Corey Hijam in an April 9 interview.

"Cash is a seductive investment because it doesn't have as much volatility, but information technology taxes you lot and your buying power about two% a twelvemonth," Dalio said of the U.South. dollar'south stability, paired with its annual inflation rate.

Tough times atomic number 82 a flight to greenbacks

As recent coronavirus measures halted the economy, markets of all shapes and sizes faced plummeting value, pushing investors into cash.

"Cash is almost always the worst investment," Dalio said. "Y'all should think a piddling bit unconventionally," he said, mentioning a small gold allotment as a possibility, as well as noting the importance of diversification.

Dalio, however, failed to mention Bitcoin as an option surrounding these comments.

Dalio previously commented on Bitcoin

Dalio mentioned BTC earlier in 2022 during an interview with CNBC, in which he said Bitcoin hosted too much volatility to office as an adequate store of value.

"There are two purposes of money; a medium of exchange and storehold of wealth," the hedge fund manager said. "Bitcoin is not effective in either of those cases now."

Dalio highlighted Facebook'southward Libra as a more than promising selection. He as well noted that large players, such as primal banks, would more likely head for gold than Bitcoin.

Billionaire Chamath Palihapitiya likewise recently mentioned Bitcoin'south volatility and electric current usage every bit ineffective, pointing toward the asset'due south potential adoption approximately 10 years from now, pending various circumstances.

Cointelegraph reached out to Dalio for additional comments, but received no response as of press time. This article volition be updated accordingly should a response come up in.