Overview
- Speaking on a Dec. 20 podcast, the Bridgewater Associates founder said Bitcoin is unlikely to be materially held as a reserve asset by central banks.
- He argued Bitcoin’s public ledger enables government monitoring and potential interference in transactions, a risk he says gold avoids.
- Dalio cautioned that Bitcoin could theoretically be cracked, broken, controlled, or undermined by synthetic alternatives, reinforcing his preference for gold.
- He disclosed a small personal Bitcoin position but called stablecoins poor stores of value because they inherit fiat currency weaknesses.
- He framed gold as portfolio protection in a world of rising debt and money creation, noting he has kept roughly 10% of his assets in the metal.