The founder of Bridgewater Associates emphasized that crypto investors tend to attribute consumer attributes to Bitcoin that are not suitable for the leading cryptocurrency.
“Due to supply limitations, Bitcoin is unable to become a widely used means of payment, and for several fundamental reasons, it is unlikely to be held in significant amounts on central bank balance sheets or become a reserve asset for major nations,” stated Dalio.
He focused attention on the fact that Bitcoin’s public ledger of transactions allows interested parties to track investor wallet addresses and operations. This makes the asset susceptible to monitoring and interference from both authorities and criminal elements, the billionaire believes.
“Bitcoin transactions are traceable. Governments can monitor and intervene, whereas gold remains the sole asset free from direct control,” he added.
Comparing Bitcoin to gold, Dalio called the latter an “excellent store of value” proven effective over millennia.
“Unlike digital assets, gold does not rely on promises and is resistant to manipulation. It is the only asset you can possess without regard to external interference,” Dalio noted in an interview.
The billionaire admitted that he holds a small quantity of Bitcoin in his investment portfolio but favors gold and concentrates on more dependable assets.
Earlier, Tether CEO Paolo Ardoino stated that the primary risk factor for Bitcoin in 2026 might be an “artificial intelligence (AI) bubble.”
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