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• Ray Dalio is the founder of Bridgewater Associates and a billionaire, who openly expresses his lack of enthusiasm for Bitcoin.
• He does not understand why people are more inclined towards investing in Bitcoin than gold.
• He believes that while Bitcoin has had good runs, it is too volatile and speculative to be taken seriously.

Ray Dalio: A Billionaire Who Doesn’t Like Bitcoin

Ray Dalio is a billionaire and the founder of Bridgewater Associates, who has never been enthusiastic about investing in bitcoin. In an interview, he expressed his confusion as to why people are more inclined towards investing in bitcoin over gold. He believes that bitcoin’s price has been too volatile and speculative to be taken seriously.

Why Gold Over Bitcoin?

Dalio touted gold as being a better investment due to its stability and history compared to bitcoin’s unpredictable market movements. He strongly believes that gold cannot be beaten when it comes to its strength, calling it an established blue-chip alternative to fiat money.

Bitcoin Too Risky?

He noted that unlike gold, tracking owners and transactions on cryptocurrency or bitcoin can be difficult due to its unpredictable nature which makes it unreliable in terms of predicting market results or trends. Moreover, he cited its small size (30% of Microsoft), making it less attractive for investors who want something more stable with higher returns on their investments.

What About The Bull Runs?

Despite the risks associated with investing in bitcoin, Dalio acknowledged that there have been solid bull runs in the past which made some investors very wealthy while others lost their savings completely – demonstrating the high volatility of this asset class for those looking for short-term gains rather than long-term investments.


In conclusion, Ray Dalio still remains unconvinced by the potential benefits of investing in crypto assets such as bitcoin due to their unpredictability and small size compared to other mainstream assets like stocks or gold. Although there have been successful runs where some investors profited heavily from this asset class, there is no guarantee of similar success going forward due to its highly volatile nature.