Ray Dalio says ‘there is only one gold’ even as bitcoin holds up better during Iran crisis
CoinDesk
Ray Dalio dismissed Bitcoin as a safe haven, but gold dropped more than Bitcoin during a recent geopolitical crisis.Summary
Bridgewater founder Ray Dalio asserted that "there is only one gold," arguing that Bitcoin lacks central bank support, privacy, and faces threats from quantum computing. Coincidentally, on the day Dalio made these comments, gold dropped 3% while Bitcoin fell less than 1% amid escalating U.S.-Iran tensions, suggesting Bitcoin performed better as a hedge during that specific crisis. Dalio's criticisms regarding Bitcoin's transparency and lack of central bank backing are not new. Despite his skepticism, Dalio holds about 1% of his portfolio in Bitcoin for diversification and previously recommended an allocation to either Bitcoin or gold due to concerns over U.S. debt trajectory.
(Source：CoinDesk)