Ray Dalio cautions on Bitcoin, says ‘there is only one gold’

Billionaire investor and Bridgewater Associates founder Ray Dalio has reiterated his cautious stance on Bitcoin while maintaining his preference for gold as a superior store of value. Dalio acknowledged that Bitcoin has made significant strides over the last decade, describing it as a “remarkable achievement,” but emphasized that it remains distinct from the historical stability of the precious metal. He famously remarked that “there is only one gold,” arguing that gold possesses unique characteristics—such as its status as the third-largest reserve asset for central banks—that digital assets cannot currently replicate. Dalio expressed concerns regarding Bitcoin’s volatility and the potential for government intervention if the cryptocurrency becomes too successful. While he has previously disclosed holding a small amount of Bitcoin to diversify his portfolio, he maintains that gold is the more reliable hedge against inflation and economic instability.

Source: Ray Dalio cautions on Bitcoin, says ‘there is only one gold’