RAYRaydium Price

On July 31, according to Bitcoin Magazine, Bridgewater Associates founder Ray Dalio said Bitcoin accounts for only 1% of his portfolio, and he still prefers gold. In a podcast on Thursday, Dalio called Bitcoin a currency that cannot be printed infinitely, but it faces threats from technologies like quantum computing and may be subject to government surveillance and taxation. Dalio had previously said he would not invest in Bitcoin. Now, although he admits to holding it, he insists gold is a better choice, stating in the program, "I prefer gold." Last year, Dalio also acknowledged that Bitcoin accounted for only 1% of his portfolio.

Ray Dalio, founder of Bridgewater Associates, stated in an interview with Bloomberg on June 4 that all great technological transformations lead to bubbles. He pointed out a key distinction: wealth is not the same as money. If you raise $50 million and achieve a valuation of $1 billion, you may appear to be a billionaire on paper, but that wealth cannot be spent unless it is converted into money. Once everyone rushes to convert their wealth into money, the bubble bursts. This has been true in Japan, 1929, and 2000, without exception. He admitted that current bubble indicators are approaching the levels seen in 2000 and 1929.

On May 12, Ray Dalio, founder of Bridgewater Associates, stated in a post this morning that Bitcoin has not fulfilled its expected role as a safe haven asset. Reasons include its lack of privacy, the possibility of transactions being monitored or restricted, and its high correlation with tech stocks, which often leads investors to sell Bitcoin for liquidity when other assets are under pressure. Additionally, the relatively small market size of Bitcoin makes it more susceptible to influence, while gold, due to its broader ownership and more established historical status, continues to hold a central position in the global financial system.