In a recent episode of the “All-In” podcast dated February 15th, Ray Dalio, the founder of Bridgewater Associates, reiterated his thoughts on Bitcoin and the emerging DeepSeek phenomenon. Dalio highlighted that, in light of current market trends, there is a notable devaluation of fiat currencies particularly when juxtaposed against gold and Bitcoin. In his analysis, he emphasized that while all fiat currencies are depreciating, assets like Bitcoin and gold are witnessing an upward trajectory.
Dalio pointed out that commodities serve as a temporary hedge against inflation but are not viable long-term wealth storage options. Unlike oil or wheat, which cannot be preserved for extended periods, hard assets like gold and Bitcoin provide a more stable medium for value retention. Although Dalio holds some Bitcoin, he admits that his investment in gold surpasses that of Bitcoin due to gold’s long-standing benefits, including its liquidity across borders and status as a preferred reserve asset for central banks. Furthermore, gold’s nature makes it less susceptible to regulation compared to Bitcoin, which remains traceable and thus more prone to taxation.