Ray Dalio Doesn’t Believe in Bitcoin: See Why

• Ray Dalio, a billionaire and founder of Bridgewater Associates, has not been a big fan of bitcoin and does not understand it.
• Dalio recently expressed his views on why he believes gold is better than bitcoin due to its stability and history.
• He acknowledges that BTC has had strong bull runs, but feels the asset is too speculative and volatile to be taken seriously.

Ray Dalio’s Unfavorable Opinion on Bitcoin

Ray Dalio – a billionaire and the founder of Bridgewater Associates – has never been a big bitcoin fan. He doesn’t seem to care for it, and he also doesn’t really seem to understand it. Per his latest interview, it becomes apparent that this hasn’t changed as he’s still refusing to see the light on the growing cryptocurrency industry and its commander-in-chief BTC.

Why Gold Is Better Than BTC

Dalio specifically touted gold and said that he didn’t understand “why people are more inclined to go to bitcoin than gold.“ As a gold fanatic, he touts its stability and history; while he holds bitcoin at press time, he only has a little to his name. Citing the problems of the crypto industry, he said: „Cryptocurrency or bitcoin doesn’t move in a reliable way related to almost anything…unlike gold.“ He also mentioned: „Gold is [a] well established blue-chip alternative to fiat money.“

Bitcoin Too Speculative

Dalio went on with his anti-bitcoin rant claiming that it is “very easy to track owners and transactions“ which makes him less inclined towards the currency because of government regulations. Moreover, he claims that bitcoin’s moves are inconsistent with any environments since it is such as small asset class compared Microsoft (which is only one stock among many). Furthermore, due to its highly volatile nature, Dalio believes investing in BTC can lead people both wealth or poverty which further decreases his trust in the asset class.

Conclusion

It appears Ray Dalio isn’t convinced by Bitcoin yet due to its speculative nature, lack of reliable movements and tracking system for owners/transactions. Even though Bitcoin has had solid bull runs in the past (and currently experiencing one), there’s no guarantee whether these positive results will continue in future or not which makes him more inclined towards Gold rather than Bitcoin despite holding small amount of BTC himself at press time.

Takeaway
The takeaway from this article is that despite having varying opinions about cryptocurrencies including Bitcoin; investors should always keep their risk appetite in mind before investing into any assets class including crypto assets like Bitcoin so they don’t get burned out later on!

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