Bridgewater Founder Ray Dalio Questions Bitcoin’s Role as a Safe-Haven Asset

Ray Dalio, founder of Bridgewater Associates, says Bitcoin has not behaved like the traditional safe-haven asset many investors once expected.

He pointed to several factors behind this view, including Bitcoin’s limited privacy, the potential for transactions to be tracked or restricted, and its tendency to move closely with tech stocks during market shifts. He also noted that in times of financial stress, investors often sell Bitcoin to raise cash rather than holding it as a protective store of value.

Furthermore, Dalio said Bitcoin’s relatively small market size makes it more susceptible to volatility and external influence.

In contrast, he emphasized that gold continues to play a central role in the global financial system, supported by its long history and broad, sustained ownership.

Source: Ray Dalio