US EditionRay Dalio: 'There Is Only One Gold'—And It's Not Bitcoin
Dalio emphasized gold's unique qualities as a non-printable, transferable asset central banks trust, while Bitcoin's market size and transparency limit its reserve appeal.
- During a Tuesday appearance on the All-In Podcast, Dalio urged investors to stop comparing bitcoin to gold, stating 'There is only one gold' and calling gold 'the most established money.'
- His July allocation advice followed a period when Dalio recommended a 15% portfolio allocation into Bitcoin or gold, and from July through early October both moved together until the October crypto crash wiped out $20 billion in leveraged positions.
- On Tuesday, gold dropped $168 to $5,128, a 3% decline, while bitcoin fell 0.7% to $68,700, illustrating contrasting market reactions on Dalio's comment day.
- Despite Dalio's claim, five days into the U.S.-Iran war, gold spiked then reversed, while the asset Dalio prefers was hit harder, undermining his thesis.
- Dalio recommends portfolios hold between 5-15% in gold because it is transferable, cannot be printed, and requires no promise, which is why central banks acquire it for reserves.
21 Articles
21 Articles
Ray Dalio: 'There Is Only One Gold'—And It's Not Bitcoin
Bridgewater Associates founder Ray Dalio pointed out why gold climbed 80% to $5,200 per ounce while Bitcoin (CRYPTO: BTC) fell 25%, argued central banks won’t buy Bitcoin due to privacy and controllability issues. The Central Bank Gold Rush Gold is the second largest reserve country currency that central banks hold, not a speculative precious metal. Central banks have acquired gold to build reserves for economic, political, and geopolitical rea…
Bitcoin News: Ray Dalio Doubles Down on Gold and Questions Bitcoin’s Future
Key Insights: Bitcoin news: Dalio owns 1% BTC, but favors gold as true money. Gold plunged 3%, while Bitcoin remained relatively stable. Quantum computing remains a long-term concern for Bitcoin. Ray Dalio reignited his criticism of Bitcoin in a new podcast episode, bringing a new tension to ongoing Bitcoin news cycles. The billionaire investor urged market participants to stop comparing Bitcoin with gold. His remarks came as Bitcoin displayed …
Ray Dalio Dismisses Bitcoin’s Safe-Haven Narrative, Rejects Comparisons to Gold
The billionaire investor and founder of the leading hedge fund, Bridgewater Associates, Ray Dalio, has once again criticized bitcoin (BTC). This time, Dalio rejected comparisons between the cryptocurrency and gold, stripping the digital asset of its safe-haven narrative. During an interview with the All-In Podcast, the Bridgewater founder insisted that BTC has not played the role of a safe-haven like gold. He accepted that bitcoin has been recei…
Ray Dalio Questions Bitcoin as Safe Haven While Gold Strengthens Its Global Reserve Role
Ray Dalio says central banks still prefer gold as a reserve asset while Bitcoin lacks strong institutional support globally. Ray Dalio warns Bitcoin moves like tech stocks which weakens its role as a safe haven during market stress. He highlighted privacy limits and future quantum computing risks that could challenge Bitcoin security over time. Billionaire investor Ray Dalio has raised doubts about Bitcoin’s long-term role as a store of value. H…
Billionaire Ray Dalio on why Bitcoin can never replace gold
Billionaire investor Ray Dalio has outlined why he believes Bitcoin (BTC) is unlikely to replace gold as the world’s dominant alternative form of money. According to Dalio, despite Bitcoin’s recent growth, the precious metal, which has seen a notable rally, remains uniquely positioned within the global financial system, he said during an appearance on the All-In Podcast published on March 3. Dalio framed his argument around what he calls the “bi…
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