Summary
- Ray Dalio said Bitcoin (BTC) struggles to compete with gold due to structural flaws.
- Dalio cited weak privacy protections, quantum-computing risks, and the likelihood that central banks will not hold Bitcoin as key issues.
- Dalio said Bitcoin has a high correlation with tech stocks and can be easily manipulated, underscoring gold’s advantage.
Forecast Trend Report by Period
Ray Dalio, a heavyweight in the U.S. hedge fund industry, said Bitcoin (BTC) struggles to compete with gold.
According to crypto-focused media outlet U.Today on the 3rd (local time), Dalio appeared on a podcast and said, “Because of structural flaws such as weak privacy protections and quantum-computing risks, Bitcoin cannot compete with gold.”
He added, “Central banks won’t want to buy or hold Bitcoin,” and said, “Bitcoin shows an excessively high correlation with tech stocks, and it is large enough to be easily manipulated.”
Even as Bitcoin’s integration into the mainstream financial system expands, Dalio continued to underscore the superiority of gold as a traditional safe-haven asset.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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