Ray Dalio, founder of the world’s largest hedge funds Bridgewater Associates, shared notable views on the comparison between Bitcoin (BTC) and gold during a recent podcast appearance. Dalio argued that investors should stop comparing cryptocurrencies with gold, stating that digital assets cannot replace traditional safe-haven instruments. However, market movements during the same period sparked renewed debate around these claims.
Dalio emphasized that gold remains the most established reserve asset supported by central banks, saying, “There is only one gold.” According to the billionaire investor, Bitcoin (BTC) carries long-term risks due to its lack of privacy and potential threats from future quantum computing technologies. He also suggested that central banks would be reluctant to fully adopt an asset that operates on a transparent public ledger.
Despite Dalio’s criticism, market behavior during recent geopolitical tensions painted a different picture. As the crisis intensified, gold declined about 3% to around $5,128, while Bitcoin fell only 0.7%, holding near $68,700 and showing relatively stronger stability. Although Dalio continues to favor gold, he still holds roughly 1% of his portfolio in Bitcoin, acknowledging that cryptocurrencies can play a role in portfolio diversification amid global economic uncertainty.
