Leading investors still see gold and dollars as a safer haven for investments over bitcoin, according to prominent business people speaking at the Future Investment Initiative Forum in Riyadh.

Both Larry Fink, head of asset management company BlackRock, and David Solomon, chairman of the Goldman Sachs Group, both said they preferred investments in dollars over bitcoin when asked.

Ray Dalio, founder and co-chairman of Bridgewater Associates, opted for gold over bitcoin.

Khaldoon Khalifa Al Mubarak, CEO of the UAE’s Mubadala Investment Company, replied that he would take bitcoin “hedged in gold”.

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.