Bridgewater Associates founder Ray Dalio warns: Bitcoin is not a safe-haven asset Ray Dalio believes that Bitcoin lacks privacy, as any transaction can be monitored and potentially indirectly controlled. Central banks around the world are unlikely to want to purchase Bitcoin. New technologies like quantum computing could also pose some issues. Additionally, Bitcoin is highly correlated with tech stocks, so if someone gets squeezed somewhere, they might sell off Bitcoin, impacting supply and demand. The Bitcoin market is relatively small and easily manipulated. As a currency, it is far smaller than gold, and gold remains unique.