Ray Dalio: Still Holds Some Bitcoin, Gold Harder to Regulate than BTC and Cannot be Easily Taxed

On February 15th, Ray Dalio, the founder of Bridgewater Associates, once again brought up Bitcoin in his latest "All-In" podcast interview and also referred to the DeepSeek phenomenon. He expressed that he observes currency devaluation through market trends, especially in relation to gold, Bitcoin, or other tangible assets. In a more general sense, all fiat currencies are experiencing depreciation, while gold, Bitcoin, or other hard assets are increasing in value. Bitcoin and other digital assets are a subject worthy of discussion. While commodities can act as a hedge against inflation, they do not serve as a store of value. People cannot hold oil or wheat for a long time as a wealth storage tool like they can with gold or Bitcoin. Ray Dalio disclosed that he still holds a certain amount of Bitcoin, but not nearly as much as gold. Bitcoin is one of his diversified investments, but he prefers gold because gold has several unique advantages: it can flow freely between countries, central banks hold it as a reserve asset, it is more difficult to regulate compared to Bitcoin, allowing for a more "private" way of holding it, and it is not easily taxed. In contrast, Bitcoin is different - regulatory bodies are aware of the transaction path of Bitcoin, making it easy to regulate and tax.