Dalio Questions BTC Volatility; Saylor Fires Back with Digital Capital
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- Ray Dalio said BTC still has big drawbacks that keep it from being a real global reserve.
- He believes Bitcoinās price swings make it hard for central banks to own in large amounts.
- Michael Saylor responded, calling gold āanalog capitalā and Bitcoin ādigital capitalā.
A new clash over Bitcoinās place in global finance flared up this week after billionaire Ray Dalio cast doubt on its status as a safe-haven asset, quickly drawing a sharp reply from Michael Saylor.Ā
Dalio said Bitcoin still has big drawbacks that keep it from being a real global reserve or safeāhaven asset.Ā
The investor pointed out that Bitcoin moves in sync with the Nasdaq and other risky assets when markets drop. In his opinion, Bitcoinās price swings make it hard for central banks to own in large amounts, and its $1.6 trillion market cap is tiny next to gold.Ā
Additionally, Daliā¦
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