Ray Dalio exposes Bitcoin’s weaknesses: Gold Remains King, Quantum Threat Lurks?

Jakarta, Pintu News – Billionaire Ray Dalio has made another controversial statement regarding the comparison between Bitcoin and gold. In a recent podcast, Dalio asserted that Bitcoin (BTC) cannot be compared to gold for a number of fundamental reasons. He highlighted the lack of support from central banks, the lack of privacy, and the serious threat that developments in quantum computing technology pose to Bitcoin (BTC). This statement comes amid price volatility in both assets, with Bitcoin (BTC) actually performing better than gold in recent days.

Ray Dalio: Gold Remains Irreplaceable as a Hedge Asset

Ray Dalio, founder of Bridgewater Associates, asserts that there is only one gold that is truly recognized as a true hedge asset. According to Dalio, gold has a long history as a globally recognized medium of exchange and store of value. He emphasizes that gold has physical limitations that make it difficult to manipulate or mass produce.

Dalio states, “Gold is the most established money in history, and this is the reason why it continues to excel.” Despite this, Dalio admits that he still has a small portfolio in Bitcoin (BTC), but the portion is very small, only about 1% of his total investments.

He believes that Bitcoin (BTC) does not have the backing of a central bank, making its value highly volatile and vulnerable to global policy changes. In addition, Dalio highlighted that Bitcoin (BTC) does not offer the privacy that most investors expect. All Bitcoin (BTC) transactions are publicly recorded on the blockchain, making it easy to track and monitor.

Also Read: Donald Trump’s Crypto Portfolio Plummeted 94%: Lost IDR181.92 Billion in a Year, Here Are 6 Lessons

Price Movement: Bitcoin (BTC) outperforms amid turmoil, gold under pressure from global conflicts

At the time of Dalio’s statement, the price movements of gold and Bitcoin (BTC) showed the opposite trend. Gold prices plummeted to $5,120, down about 3% due to the impact of the conflict between the United States and Iran. Meanwhile, Bitcoin (BTC) only experienced a slight decline of 0.6% to $68,700, signaling better resilience amid global uncertainty.

Since last July, the price movements of Bitcoin (BTC) and gold have been in line, but the situation changed drastically after the crypto market crashed in October, wiping out around $20 billion in market capitalization. After the crash, Bitcoin (BTC) lost more than 45% of its October high, while gold surged by 30% and is now hovering around $5,100.

This phenomenon shows that the two assets are now moving in opposite directions, emphasizing the different characteristics and responses to the global crisis. It also challenges the long-held notion that gold has always been the primary hedge asset in times of geopolitical turmoil.

The Threat of Quantum Computing and Bitcoin’s (BTC) Lack of Privacy

One of Ray Dalio’s main concerns with Bitcoin (BTC) is the threat from advances in quantum computing technology. According to Dalio, rapid developments in this field could jeopardize the security of Bitcoin (BTC) in the long run. This is echoed by Kevin O’Leary, who recently warned that quantum computing could be a major threat to the entire crypto ecosystem.

However, a different view is expressed by Michael Saylor of MicroStrategy, who believes that the threat of quantum computing to Bitcoin (BTC) is still very far away and not relevant at this time. Saylor refers to the issue as FUD (Fear, Uncertainty, Doubt) which has no real impact in the near future, and is even expected to become a problem in the next decade.

In addition, Saylor also highlighted that limited access to bank credit also limits the growth of the current Bitcoin (BTC) price. Dalio also highlighted the privacy aspect of Bitcoin (BTC) which he considered very limited. All Bitcoin (BTC) transactions are transparently recorded on the blockchain, so they can be monitored and even controlled by certain parties. This makes Bitcoin (BTC) less than ideal as a hedging tool for investors who prioritize privacy and confidentiality of transactions.

Conclusion

Ray Dalio’s remarks have reignited the debate among investors regarding the position of Bitcoin (BTC) and gold as hedge assets. Although Bitcoin (BTC) has performed better in some situations, Dalio emphasized that gold has historical and fundamental advantages that are hard to match.

The threat of quantum computing and lack of privacy are the main factors that make Dalio doubt the future of Bitcoin (BTC) as a long-term asset. In the midst of global market dynamics, the comparison between Bitcoin (BTC) and gold will certainly continue to be a hot topic in the investment world.

Also Read: 700% Crypto Withdrawal Surge in Iran: Bitcoin becomes a financial escape route during crisis

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. There Is Only One Gold Billionaire, Ray Dalio Says Amid BTC’s Quantum Threats. Accessed on March 5, 2026