Ray Dalio Reiterates, 'Bitcoin Will Not Replace Gold' and Warns of AI Bubble and US Fiscal Crisis

Ray Dalio, founder of Bridgewater Associates, appeared on the 'All-In Podcast' on March 3rd, where he reiterated that Bitcoin (BTC) cannot serve as a substitute for gold as an asset. While admitting to holding about 1% of his portfolio in BTC, he clarified that this was purely for diversification and not based on conviction. He supports gold because he desires 'an asset with physical constraints,' stating that gold is the only long...