Ray Dalio Still Prefers Gold Over Bitcoin

Ray Dalio, co-chief investment officer of Bridgewater Associates, one of the world’s largest hedge funds, owns some Bitcoin, but in an interview with CNBC today he demonstrated that he doesn’t understand or believe in it as a superior store of value to gold.

“If you put a gun to my head, and you said, ‘I can only have one,’” Dalio said in the interview, “I would choose gold.”

After years of brushing off and actively doubting Bitcoin, the 72-year-old revealed in May that he owns an undisclosed amount of it:

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