During his March 3 interview on the All-In Podcast, Ray Dalio, who established Bridgewater Associates, firmly rejected the notion that Bitcoin serves as a digital equivalent to gold. “There is only one gold,” Dalio stated unequivocally. While Dalio confirmed ownership of Bitcoin, he maintains an allocation of approximately 1% within his overall portfolio. For him, cryptocurrency functions as a diversification mechanism rather than a fundamental wealth preservation instrument. His reasoning stems from his conceptualization of currency. Dalio characterizes money as debt — essentially a commitment from centralized ... (full story)