Ray Dalio of Bridgewater: Bitcoin lacks privacy, its scale is still small and manageable, and it has yet to become a true safe-haven asset

BlockBeats news, on May 12, Bridgewater founder Ray Dalio posted this morning stating that Bitcoin has not served as a haven asset as some in the market expected. Reasons include its lack of privacy, transactions that may be monitored or restricted, and its high correlation with technology stocks, which causes investors to often sell Bitcoin to supplement liquidity when other assets are under pressure.

In addition, the Bitcoin market is relatively small and more susceptible to influence, while gold—due to its wider ownership and more stable historical status—continues to occupy a central role in the global financial system.