Ray Dalio has warned investors not to treat Bitcoin as a store of value on par with gold. The billionaire and founder of Bridgewater Associates stated on the All‑In podcast that gold remains a more reliable reserve asset for institutional investors amid rising geopolitical risks and the US debt crisis.
According to Dalio, Bitcoin has serious drawbacks: a lack of privacy and control, technological risks (including the potential threat of quantum computing), and a high correlation with risky assets — all of which undermine its status as a safe‑haven investment. He pointed out that central banks are more likely to hold gold as a reserve, while the Bitcoin market remains relatively small and controlled compared to the gold market.
Nevertheless, Dalio acknowledges Bitcoin’s speculative role and holds around 1 % BTC in his portfolio. However, he advises institutions to allocate 5–15 % of their assets to gold for diversification and protection against systemic risks. In his view, gold has historically proven to be a more robust means of preserving wealth under conditions of debt and geopolitical pressure.
RBC‑Crypto reminds readers that cryptocurrency is a volatile asset and this information should not be taken as an investment recommendation. At the time of publication, the price of Bitcoin is around $71,000, while gold is trading at approximately $5,190 per ounce.