Ray Dalio on Bitcoin and Gold: Owns Both
Posted on 04/04/2023
Bridgewater founder Ray Dalio told Maria Bartiromo at Fox Business he trusts in gold over Bitcoin, but he isn’t against Bitcoin, and has some ownership. Gold had a surprise surge on April 4, 2023 as the US$2,000 per ounce mark was breached. Gold closed above US$ 2022 on the day. Tokenized gold has surpassed US$ 1 billion on the meteoric rise. Meanwhile, Bitcoin has recovered from its lows and now sits at US$ 28,141. The Grayscale Bitcoin Trust has rebounded in 2023 after lagging in 2022, but is being taken to court by Alameda Research, of FTX, for US$ 9 billion in locked up shares. The Trust has the potential for a Bitcoin ETF launch also, after a judge suggested it could be allowed.
