THE BOTTOM LINE: The 'Trump trade' is back and Ray Dalio breaks down the bitcoin bubble

Sep 21 2017 by Business Insider

 

This week:

Business Insider CEO Henry Blodget speaks with Ray Dalio, the founder of Bridgewater Associates, the world’s biggest hedge fund. Dalio discusses his assertion that most portfolios should have gold allocated at 5-10%, if for no other reason than it’s a great diversifying asset. He also shares his thoughts on bitcoin, which he says is not an effective medium of exchange, because it’s difficult to buy things using it. Dalio calls bitcoin a speculative bubble, and says it lacks...
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