Dalio Prefers Gold Over Bitcoin for Long-Term Wealth Protection
Ray Dalio, founder of Bridgewater Associates, has reaffirmed his preference for physical gold over Bitcoin as a long-term store of value. In a recent podcast appearance, he stated that Bitcoin accounts for only about 1 percent of his personal portfolio and cited practical concerns with monitoring, taxation, volatility, and technological vulnerabilities that limit its reliability.
Dalio emphasized that both gold and Bitcoin are forms of hard money that cannot be printed by governments, but he consistently ranks gold higher for portfolio protection. He has long framed the situation as a potential currency debasement, citing U.S. federal debt expansion with annual spending near $7 trillion against roughly $5 trillion in revenue.
The 1 percent allocation is not new, but its reaffirmation carries fresh significance due to market conditions that have shifted since Dalio's previous disclosures in 2025. Bitcoin has traded in a range near $63,000 in early August 2026 after recording an approximate 8.7 percent gain over the prior 30 days.