Ray Dalio, founder of Bridgewater Fund: Still holding some Bitcoin, gold is harder to regulate than BTC and cannot be easily taxed

Ray Dalio, founder of Bridgewater Fund, once again talked about Bitcoin in an interview on the latest "All In" podcast, and also mentioned the DeepSeek craze. He stated that he sees currency depreciation through market trends, especially relative to gold, Bitcoin, or other physical assets. A more common situation is that all fiat currencies are depreciating, while gold, Bitcoin, or other hard assets are relatively appreciating. Bitcoin or other digital assets are a topic worth discussing. Although commodities can hedge against inflation, they do not have a stored value function, and people cannot hold oil or wheat as wealth storage tools for a long time like holding gold or Bitcoin. Ray Dalio revealed that he still holds some Bitcoin, but not as much as gold. Bitcoin is one of his diversified investments, but he is more inclined towards gold because it has several unique advantages: Can freely move between countries; Central banks of various countries treat it as a reserve asset; Compared to Bitcoin, it is more difficult to regulate and can be held more privately; Moreover, it is not easy to tax gold, but Bitcoin is different - regulatory agencies know the trading path of Bitcoin and can easily regulate and tax it.