Ray Dalio Says Bitcoin Can Be 'Monitored' And 'Controlled,' — It's No Safe Haven
Dalio said central banks avoid Bitcoin because its transactions are traceable and its price moves closely with tech stocks, unlike gold.
- Billionaire Ray Dalio argued on Monday that Bitcoin lacks privacy and market depth, hindering its role as a reserve asset. "Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren't looking to hold it," said the founder of Bridgewater Associates.
- Dalio further cited Bitcoin's "high correlation" with technology stocks, arguing investors sell it to cover losses during market stress. TradingView data shows a 0.89 correlation coefficient with the Nasdaq over 90 days, translating to roughly 79% of Bitcoin's price movements explained by its tech-stock relationship.
- Contrasting Bitcoin with gold, Dalio described the cryptocurrency as a "small and controllable market," emphasizing gold's superior depth and establishment. The billionaire previously stated he allocates about 1% of his portfolio to Bitcoin despite his reservations.
- Veteran trader Oliver Velez countered that Bitcoin's transparency is a strength, providing an alternative to the "opacity" of today's financial system. Michael Saylor argued separately that BTC serves as "suitable global collateral" with superior risk-adjusted returns.
- Participants at the Hong Kong Consensus conference noted that institutional adoption may ultimately depend on stronger privacy features for large-value transactions. Privacy-focused coins like ZEC have surged over 800% since early 2025, underscoring market demand for enhanced privacy solutions.
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Ray Dalio Warns Bitcoin Is Traceable and Not a True Safe-Haven Asset — Michael Saylor Hits Back
Bridgewater Associates founder Ray Dalio believes that central banks around the world aren't looking to adopt Bitcoin as a reserve asset, as the digital asset lacks privacy and transactions can be traced and potentially controlled. 'While Bitcoin gets a lot of attention, it hasn't played the safe-haven role many expected,' Dalio wrote in a late Monday post on X. Dalio added that Bitcoin also has a high correlation with tech stocks, so when 'inve…
Ray Dalio Questions Bitcoin’s Role During Financial Unrest
The post Ray Dalio Questions Bitcoin’s Role During Financial Unrest appeared on BitcoinEthereumNews.com. Ray Dalio, founding figure behind Bridgewater Associates, has reshaped the conversation around Bitcoin with his assertion that it falls short as a reliable safe haven during economic turmoil. Published on May 11, his insights reveal a continued preference for gold when uncertainty looms in financial markets. Continue Reading:Ray Dalio Questio…
🚨 Ray Dalio argued that Bitcoin is not a safe haven and highlighted gold as an option. 🔎 Dalio does not find Bitcoin's transparent blockchain sufficient for reserve assets. 💬 Michael Saylor, on the other hand, argues that $BTC provides a unique advantage in the digital economy. ⚡ The most...
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