Ray Dalio Affirms Bitcoin Unsuitable as Long-Term Store of Value, Prioritizes Gold

Ray Dalio, the influential founder of Bridgewater Associates, recently articulated his view that Bitcoin is not a viable long-term store of value or hedge. Dalio cited the absence of central bank backing as a primary concern, emphasizing that effective reserve assets necessitate institutional trust. He also highlighted potential vulnerabilities related to privacy protections and the uncertain resilience of Bitcoin against future quantum computing attacks. In contrast, Dalio reiterated his long-standing preference for gold, asserting its continued role as the dominant monetary asset due to its established trust and historical performance.