Ray Dalio | Crypto

Experts push back on billionaire hedge fund manager Ray Dalio's warning of bitcoin lacking gold’s qualities and risks from surveillance, quantum computing and lack of central bank buying.

Ray Dalio says that gold is a better safe-haven asset in times of conflict compared to Bitcoin, and raised concerns about the cryptocurrency’s lack of privacy. 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. Dalio dismissed the idea that Bitcoin (BTC) can function as a digital gold, telling the All-In Podcast on Tuesday that “there is only one gold.” "Gold is not a precious metal that's speculated on,” Dalio said, adding it is the “most established money” that is the second-largest reserve currency held by central banks. Read more

Ray Dalio warns that the rules‑based order is now over, putting monetary debasement, dollar risk and neutral, permissionless financial rails back at the center of the macro conversation. Ray Dalio warned that the post-World War II order has “officially broken down,” with the world now sliding into what he bluntly calls a “law of the jungle” phase, where power, not rules, decides outcomes, and crypto investors are using the moment to renew the case for assets designed to operate outside state control. In his latest article on X describing both internal and external disorder, the Bridgewater Associates founder wrote that great powers are now locked in a persistent “prisoner’s dilemma.” They must either escalate or look weak across trade, technology, capital flows and, increasingly, military flashpoints, making what he calls “stupid wars” frighteningly easy to trigger.  That external disorder tends to collide with internal stress, Dalio said. When economies are under strain and wealth gaps are wide, governments ...

The hedge fund manager said central banks were not handling fiat in the same way, warning of a breakdown in the global monetary order. Billionaire hedge fund manager Ray Dalio issued a stark warning for the global economy amid US President Donald Trump’s threats of tariffs and seemingly unpredictable economic policies for the country. Speaking to CNBC’s Andrew Ross Sorkin from the World Economic Forum (WEF) in Davos, Switzerland on Tuesday, Dalio said the monetary order was “breaking down,” warning of a change in behavior of how central banks handled fiat. According to the hedge fund manager, both fiat holders and “those who need it” were concerned about each other, creating a “big issue” down the line.     Read more

The balance of power tends to shift every two years because political parties typically overpromise and underdeliver, according the billionaire hedge fund manager. The balance of power in the United States Congress may shift in favor of Democrats in the 2026 midterm elections, fueled by inflation concerns, threatening to undo regulatory policies under the Republican Party and US President Donald Trump, according to billionaire hedge fund manager Ray Dalio. “The affordability issue will probably be the number one political issue next year, contributing to the Republicans losing the House and a very messy 2027 on the way to a very interesting 2028 election,” Dalio said, adding: The crypto industry is one of the biggest beneficiaries of the Trump administration’s tech-focused policy agenda centered on digital technology and artificial intelligence  Read more

Current fiscal and monetary policies will cause hard asset prices to rise, but both are signs of late-stage economic decay, Dalio said. The US Federal Reserve’s decision to ease monetary policy is inflating an economic bubble that could drive up the prices of hard assets, but also marks the final phase of a 75-year economic cycle, according to former hedge fund manager Ray Dalio. Typically, the Federal Reserve eases interest rates when economic activity is stagnating or declining, asset prices are falling, unemployment is high and credit dries up, as seen during the Great Depression of the 1930s or the 2008 financial crisis, Dalio wrote in an article posted to X on Wednesday. However, the Fed is now easing monetary policy at a time of low unemployment, economic growth and rising asset markets, Dalio wrote, which is typical of late-stage economies saddled with too much debt.  Read more

Hedge fund manager Ray Dalio suggests investors put 15% into store-of-value assets amid America’s debt crisis. American billionaire and hedge fund manager Ray Dalio has recommended a 15% portfolio allocation into Bitcoin or gold to optimize for the “best return-to-risk ratio” in light of America’s crippling debt problem and currency devaluation. “[If] you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,” the founder of hedge fund firm Bridgewater Associates said during an appearance on the Master Investor podcast on Sunday. Dalio said he has “some Bitcoin, but not much,” and is still “strongly preferring gold to Bitcoin,” however.  Read more