{
    "id": 62456,
    "date": "2026-03-04T09:20:22",
    "date_gmt": "2026-03-04T02:20:22",
    "guid": {
        "rendered": "https:\/\/hbbgroup.net\/ray-dalio-cautions-on-bitcoin-says-there-is-only-one-gold\/"
    },
    "modified": "2026-03-04T09:20:22",
    "modified_gmt": "2026-03-04T02:20:22",
    "slug": "ray-dalio-cautions-on-bitcoin-says-there-is-only-one-gold",
    "status": "publish",
    "type": "post",
    "link": "https:\/\/hbbgroup.net\/en_us\/ray-dalio-cautions-on-bitcoin-says-there-is-only-one-gold\/",
    "title": {
        "rendered": "Ray Dalio cautions on Bitcoin, says \u2018there is only one gold\u2019"
    },
    "content": {
        "rendered": "<div data-testid=\"html-renderer-container\">\n<p>Billionaire investor Ray Dalio has warned against Bitcoin as a long-term store of value and safe-haven asset, arguing that it has little central bank support and has lingering concerns over its privacy limitations and quantum resistance. <\/p>\n<p data-ct-non-breakable=\"undefined\">Dalio <a href=\"https:\/\/www.youtube.com\/watch?v=u-vMNzHgSHI\" rel=\"noopener nofollow\" target=\"_blank\">dismissed<\/a> the idea that Bitcoin (BTC) can function as a digital gold, telling the All-In Podcast on Tuesday that \u201cthere is only one gold.\u201d<\/p>\n<p>&#8220;Gold is not a precious metal that&#8217;s speculated on,\u201d Dalio said, adding it is the \u201cmost established money\u201d that is the second-largest reserve currency held by central banks.<\/p>\n<p>Dalio added he doesn\u2019t see why central banks would want to buy Bitcoin and hold it over the long term.<\/p>\n<figure>    <img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019cb63a-0a72-72cc-957b-a4a5c371e1db.png\" title><figcaption><em>Dalio speaking on the All-In Podcast on Tuesday. Source: <\/em><a href=\"https:\/\/www.youtube.com\/watch?v=u-vMNzHgSHI\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/www.youtube.com\/watch?v=u-vMNzHgSHI\"><em>All-In Podcast<\/em><\/a><\/figcaption><\/figure>\n<p>Dalio has previously said that Bitcoin has hard money characteristics and noted that it continues to \u201chave a pretty high correlation with tech stocks.\u201d<\/p>\n<blockquote><p>\u201cSo, from an ownership perspective, supply and demand can be affected if somebody gets squeezed in one area and has to sell something else they hold.&#8221;<\/p><\/blockquote>\n<p data-ct-non-breakable=\"undefined\">Dalio also raised concerns about Bitcoin\u2019s lack of privacy, stating \u201cany transaction can be monitored,\u201d and warned that quantum computing could threaten the network.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"18489765\"><\/template><\/p>\n<p data-ct-non-breakable=\"undefined\">In July, Dalio recommended a <a href=\"https:\/\/cointelegraph.com\/news\/ray-dalio-suggests-15-percent-bitcoin-allocation\">15% portfolio allocation<\/a> into Bitcoin or gold to optimize for the \u201cbest return-to-risk ratio\u201d in light of <a href=\"https:\/\/cointelegraph.com\/news\/us-national-debt-38-5-trillion-bitcoiners-genesis-day\">America\u2019s crippling debt problem<\/a> and continued currency debasement.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-dives-3-percent-asset-rout-5k-gold-smashed-oil-fears\"><em><strong>Bitcoin dives 3% on global asset rout as $5K gold &#8216;smashed&#8217; on oil fears<\/strong><\/em><\/a><\/p>\n<p data-ct-non-breakable=\"undefined\">Between July and early October, Bitcoin and gold were both on the rise until a broader crypto market crash wiped out nearly $20 billion in leveraged positions.<\/p>\n<p data-ct-non-breakable=\"undefined\">The pair then decoupled in early October, with <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-undervalued-gold-potential-rally\">Bitcoin falling over 45%<\/a> since its October peak to $68,420, while gold has continued to rally, climbing over 30% to $5,120 in that timeframe.<\/p>\n<h2>Dalio says the world as we know it has changed<\/h2>\n<p data-ct-non-breakable=\"undefined\">Dalio <a href=\"https:\/\/x.com\/RayDalio\/status\/2022788750388998543\" rel=\"noopener nofollow\" target=\"_blank\">sent<\/a> a message to investors last month, warning that the \u201cWorld Order,\u201d one led by the US for the best part of a century, had \u201cbroken down,\u201d and that investors must rethink <a href=\"https:\/\/cointelegraph.com\/news\/ray-dalio-global-monetary-order-on-brink-breakdown\">how they protect their wealth<\/a> amid rising geopolitical conflict and economic disorder.<\/p>\n<p data-ct-non-breakable=\"undefined\">Dalio reinforced his long-held position that stores of value, particularly gold, are the best option to preserve wealth when currencies falter and credit systems break down, while debt assets become vulnerable as uncertainty rises.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a href=\"https:\/\/magazine.cointelegraph.com\/china-stockpiling-gold-yaun-global-reserve-us-dollar\/\"><em><strong>Is China hoarding gold so yuan becomes global reserve instead of USD?<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p>Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy <a href=\"http:\/\/cointelegraph.com\/editorial-policy\">https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>",
        "protected": false
    },
    "excerpt": {
        "rendered": "<p>Billionaire investor Ray Dalio has warned against Bitcoin as a long-term store of value and safe-haven asset, arguing that it [&hellip;]<\/p>",
        "protected": false
    },
    "author": 5,
    "featured_media": 62457,
    "comment_status": "open",
    "ping_status": "open",
    "sticky": false,
    "template": "",
    "format": "standard",
    "meta": {
        "_acf_changed": false,
        "footnotes": ""
    },
    "categories": [
        220
    ],
    "tags": [],
    "class_list": [
        "post-62456",
        "post",
        "type-post",
        "status-publish",
        "format-standard",
        "has-post-thumbnail",
        "hentry",
        "category-tien-dien-tu"
    ],
    "acf": [],
    "_links": {
        "self": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/62456",
                "targetHints": {
                    "allow": [
                        "GET"
                    ]
                }
            }
        ],
        "collection": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts"
            }
        ],
        "about": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/types\/post"
            }
        ],
        "author": [
            {
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/users\/5"
            }
        ],
        "replies": [
            {
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/comments?post=62456"
            }
        ],
        "version-history": [
            {
                "count": 0,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/62456\/revisions"
            }
        ],
        "wp:featuredmedia": [
            {
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media\/62457"
            }
        ],
        "wp:attachment": [
            {
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=62456"
            }
        ],
        "wp:term": [
            {
                "taxonomy": "category",
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=62456"
            },
            {
                "taxonomy": "post_tag",
                "embeddable": true,
                "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=62456"
            }
        ],
        "curies": [
            {
                "name": "wp",
                "href": "https:\/\/api.w.org\/{rel}",
                "templated": true
            }
        ]
    }
}