Bridgewater founder argues Bitcoin lacks privacy and liquidity resilience compared to gold during market stress.
Ray Dalio stated Bitcoin has not fulfilled its expected role as a safe-haven asset, citing its lack of privacy and potential for transaction monitoring. He noted Bitcoin’s high correlation with tech stocks, leading investors to sell it during market downturns to raise liquidity.
Dalio highlighted Bitcoin’s relatively small market size, making it easier to influence compared to gold. He emphasized gold’s established role in the global financial system due to broader ownership and historical significance. The comments contrast with Bitcoin’s narrative as digital gold amid economic uncertainty.
No immediate market reaction was specified in the source.