The depreciation of the US dollar is accelerating. Are you still torn between choosing gold or BTC? Ray Dalio, the founder of Bridgewater Associates, gives the ultimate answer: adults don’t choose; you need both!
According to the latest stress test data, allocating 15% of the portfolio to gold and Bitcoin is not only a shield against purchasing power loss but also a spring for wealth appreciation.
📉 'Cushion' and 'Spring': A review of ten years of data
We compared the performance of the traditional 60/40 portfolio during multiple market crises (2018, 2020, 2022, and the 2025 tariff war):
1️⃣ The 'cushion' of the pullback period: Gold 🥇
During the market crashes in 2018, 2022, and 2025, Bitcoin typically follows the stock market decline due to its high volatility, while gold has almost always provided a positive return of 5%-6%, effectively hedging account drawdowns.
2️⃣ The 'spring' of the recovery period: Bitcoin 🚀
Once market sentiment is repaired, BTC's explosive power is unmatched.
• 2020 rebound: Gold increased by 111.92%, while BTC skyrocketed by 774.94%!
• 2023 rebound: BTC increased by 40.16%, far exceeding traditional assets.
📊 Core conclusion: 1+1 > 2
Data doesn't lie. A portfolio that includes both gold and Bitcoin:
• Sharpe Ratio: 0.679
• Almost 3 times the traditional portfolio (0.237)!
• Far higher than the portfolio holding only gold (0.436).
💡 Expert opinion:
Gold is responsible for holding the line during declines, while Bitcoin is responsible for lifting the ceiling during rebounds. This 'defensive + offensive' combination is the best weapon to cope with the soaring federal debt and deficit spending in 2026.
⏳ 2026 observation window:
Since the tariff panic recovery in 2025, BTC is currently lagging behind gold, but the recovery cycle will not end until April this year. Historical experience indicates that BTC often gains strength and takes the lead in the mid-to-late stages of recovery.
👇 What is the proportion of gold and BTC in your portfolio? Feel free to share your configuration strategy in the comments!
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