Ray Dalio says bitcoin won’t replace gold
Billionaire and Bridgewater founder Ray Dalio stated that bitcoin will never become a full replacement for gold, which remains the most stable form of money and the second-largest global reserve asset actively purchased by central banks amid geopolitical tensions and rising debt.
Source Incrypted
He also highlighted bitcoin’s weaknesses, including transaction transparency, price dependence on institutional investors, and potential risks from the development of quantum technologies. Nevertheless, Dalio is not opposed to cryptocurrencies and has previously said that up to 15% of a portfolio can be held in bitcoin.
The expert assessment suggests that while bitcoin has its advantages, it is not yet able to compete with gold as the most reliable asset. This stance is likely to remain relevant in the near future.
