Saed News: Ray Dalio, billionaire investor and founder of Bridgewater Associates, has sparked widespread debate with his latest remarks about the market’s leading cryptocurrency.
According to SAEDNEWS, Dalio believes that in 2026, Bitcoin has failed to fulfill its promise as a safe-haven asset and remains heavily affected by sharp volatility. Referring to the asset’s 20% decline in the first quarter of the year, he emphasized that its close correlation with technology stocks prevents it from functioning as “digital gold.”
While gold has experienced significant growth this year, Bitcoin, after a positive start, entered a downward trend and even fell below the $60,000 mark. Dalio argues that Bitcoin is still “too small and controllable” and cannot compete with the liquidity and systemic importance of gold in global markets. In his view, blockchain transparency, contrary to popular belief, is a weakness for central banks because it allows transactions to be tracked and controlled.
In a post on the social media platform X, Dalio said:
“Bitcoin has a high correlation with technology stocks. When investors come under pressure in other parts of their portfolios, they sell their Bitcoin to cover costs. This reduces its appeal as a safe haven.”
Dalio’s remarks were met with sharp criticism from the cryptocurrency community. Prominent figures such as Michael Saylor, executive chairman of Strategy, rejected these claims and emphasized Bitcoin’s long-term outperformance compared to gold. Saylor believes that the transparency of the asset actually makes it an ideal form of global collateral.
Responding to Dalio on X, Michael Saylor said:
“Since we adopted the Bitcoin standard on August 10, 2020, this asset has outperformed gold and achieved a higher Sharpe ratio.”
In addition to Saylor, figures such as Samson Mow also criticized Dalio’s views on privacy, arguing that the traditional investor does not fully understand the potential of blockchain technology and the decentralized nature of Bitcoin.
