Dalio Says Bitcoin Market 'Small' Compared to Gold

Ray Dalio stated that Bitcoin's market is relatively small compared to traditional stores of value like gold. He noted several limitations, including privacy and regulatory risks, as well as technological threats such as quantum computing.

Dalio, the founder of Bridgewater Associates, said that Bitcoin often shows a high correlation with technology stocks, limiting its role as a safe-haven asset.

BTC price climbed to over $69,000 on Wednesday morning, up nearly 2% in the last 24 hours. Gold prices also climbed over 1%, reaching around $5,150 from lows of $5,000.