Ray Dalio: Bitcoin Failed to Meet Safe-Haven Asset Expectations on May 12

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According to Cointelegraph, on May 12, Ray Dalio, founder of Bridgewater Associates, stated that Bitcoin has failed to meet expectations as a safe-haven asset. Dalio cited Bitcoin’s lack of privacy, high correlation with technology stocks, and market size significantly smaller than gold as key reasons for its shortfall in serving as a hedge against traditional market risks.

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