Billionaire Dalio: Gold Wins Over Bitcoin

Billionaire investor Ray Dalio has once again expressed his preference for gold over Bitcoin, sharing his insights on the "The Diary of a CEO" podcast on July 30, 2026. Dalio pointed to technological threats such as quantum computing as potential vulnerabilities for Bitcoin, alongside the risk of government monitoring and taxation of digital assets.

Dalio's investment in Bitcoin represents a mere 1% of his total portfolio, a figure he previously disclosed in November 2025. He consistently argues that gold's historical status as a stable, long-term asset stems from its inherent properties. Unlike fiat currencies, which governments can devalue by printing more money to manage debt, gold's limited supply ensures its value preservation.

He further elaborated that gold's global recognition and ease of international transfer without counterparty reliance make it superior to Bitcoin. Dalio noted that Bitcoin transactions are not private and can be tracked, making it unlikely for central banks to adopt an asset operating on a public ledger. As of August 2, 2026, gold was trading at $4,054.54, showing a year-to-date increase of over 20%, while Bitcoin had seen a 45% decrease in value over the past year, trading at $62,917.44.