Ray Dalio argues BTC is not a safe haven, Michael Saylor counters

U.S. hedge fund titan Ray Dalio argued that Bitcoin is not functioning as a safe haven asset, citing a lack of privacy, high correlation with tech stocks, and its small market size. He contrasted it with gold, which he described as an independent asset that is unique and more widely held. In response, MicroStrategy founder Michael Saylor countered on X that gold is analog capital while Bitcoin is digital capital. He stated that transparency is a feature, not a flaw, and that Bitcoin is suitable as a global collateral asset. Saylor also noted that Bitcoin has outperformed gold since MicroStrategy began its reserve strategy in August 2020.