Billionaire Ray Dalio on why Bitcoin can never replace gold

Billionaire investor Ray Dalio has outlined why he believes Bitcoin (BTC) is unlikely to replace gold as the world’s dominant alternative form of money. According to Dalio, despite Bitcoin’s recent growth, the precious metal, which has seen a notable rally, remains uniquely positioned within the global financial system, he said during an appearance on the All-In Podcast published on March 3. Dalio framed his argument around what he calls the “big cycle,” emphasizing the structural role gold plays in monetary history and central bank reserves. While he acknowledged Bitcoin’s rising prominence, Dalio argued that structural limitations prevent it from replacing gold source: https://finbold.com/billionaire-ray-dalio-on-why-bitcoin-can-never-replace-gold/