Ray Dalio: Why Bitcoin Has Not Lived Up to Its Safe-Haven Reputation
TLDR: Dalio warns Bitcoin’s publicly visible transactions make it an unsuitable reserve for central banks. Bitcoin’s high correlation with tech stocks weakens its role as a hedge during market downturns. Investors tend to sell Bitcoin first when under portfolio pressure, reducing its safe-haven appeal. Gold’s centuries-old track record and broad institutional ownership keep it ahead of Bitcoin globally. Bitcoin has yet to establish itself as a genuine safe-haven asset, according to Bridgewater founder Ray Dalio. The veteran investor pointed to the cryptocurrency’s lack of privacy and the potential for transaction monitoring. He also cited its high correlation with technology stocks during periods of market stress. Dalio argued that gold holds a more central and trusted role in the global financial system. His remarks come as debate over Bitcoin’s place in global portfolios continues among institutional investors. Bitcoin’s Privacy Gap and Tech Stock Correlation Draw Scrutiny ...