Ray Dalio still favours gold over Bitcoin
Share
- Billionaire investor Ray Dalio said he continues to prefer gold over Bitcoin (CRYPTO:BTC) as a store of value.
- Dalio said he owns some Bitcoin but maintains a larger allocation to gold.
- He cited concerns about government intervention and the long-term role of reserve assets.
Bridgewater Associates founder Ray Dalio said he still prefers gold to Bitcoin (CRYPTO:BTC), although he continues to hold both assets.
Dalio said gold remains his preferred store of value because of its long history and lower risk of government restrictions.
Dalio said Bitcoin has established itself as an alternative asset but believes gold remains the stronger hedge against economic uncertainty.
He has previously disclosed that he owns a small amount of Bitcoin while maintaining a larger position in gold.
Bitcoin has gained wider institutional adoption through exchange-traded funds and increased corporate investment in recent years.
The debate over Bitcoin and gold continues as investors weigh digital assets against traditional safe-haven investments during periods of economic uncertainty.
At the time of reporting, Bitcoin price was $64,527.40.
