High-profile investor commentary that is explicitly bearish toward Bitcoin may influence short-term crypto sentiment, though it is not a fundamental or policy change and is more opinion than new information.
Billionaire Ray Dalio reveals exact Bitcoin allocation Billionaire Ray Dalio reveals exact Bitcoin allocation · TheStreet Anand Sinha Sun, August 2, 2026 at 2:00 PM GMT+2 2 min read BTC-USD GC=F Billionaire investor Ray Dalio doesn't shy away from wading into the gold versus Bitcoin (BTC) controversy, and when he appeared on "The Diary of a CEO" podcast on July 30, he again doubled down on his preference for the precious metal over the cryptocurrency. Bitcoin is a type of money that can't be printed, but technological threats such as quantum computing can hurt it, he said. In addition, the cryptocurrency can be monitored by governments, which can then tax these digital assets, he warned.
Related: Billionaire Ray Dalio sends harsh warning on Bitcoin Bitcoin makes up only 1% of his investment portfolio, the billionaire revealed the exact figure. However, it isn't the first time he has disclosed the figure, as he admitted the same in an interview in November 2025. Trending on TheStreet Roundtable: U.
S. Treasury attacks Iran's Hormuz 'extortion' network Tether boosts gold holdings to over 146 tons Americans who lost money in a crypto bankruptcy get a second chance Why Dalio prefers gold over Bitcoin Moreover, Dalio reiterated that he prefers gold over Bitcoin. The argument isn't new.
As reported earlier , the Bridgewater Associates founder has argued that fiat currency essentially means a promise from a central authority. But the government can print more money when the debt rises, but it devalues the fiat currency. In contrast, an asset with a limited supply doesn't lose value, he argued.
"Gold is the only long-term historic asset for reasons. " Gold, he said, can't be printed, is globally recognized, and can be transferred across countries without relying on a counterparty's promise. In contrast, Bitcoin doesn't have privacy as any transaction can be monitored and controlled, he said.
No central bank will embrace an asset running on a public ledger, he has argued. Gold's price stood at $4,054. 54 at press time, up more than 20% in a year.
Bitcoin, on the other hand, has lost 45% of its value in a year and was trading at $62,917. 44 at press time. Related: Cathie Wood trims Ethereum exposure on 11th anniversary This story was originally published by TheStreet on Aug 2, 2026, where it first appeared in the MARKETS section.
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