Bridgewater Associates founder Ray Dalio pointed out why gold climbed 80% to $5,200 per ounce while Bitcoin (CRYPTO: BTC) fell 25%, argued central banks won't buy Bitcoin due to privacy and controllability issues. The Central Bank Gold Rush Gold is the second largest reserve country currency that central banks hold, not a speculative precious metal.
Ray Dalio: 'There Is Only One Gold'—And It's Not Bitcoin
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Ray Dalio says gold climbed 80% to $5,200 per ounce and Bitcoin fell 25%; he says central banks will not buy Bitcoin because of privacy and controllability concerns and that gold is the second-largest reserve asset held by central banks, not a speculative precious metal.
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