Ray Dalio says Bitcoin can be monitored and controlled, challenging its role as a safe haven asset.

Billionaire investor Ray Dalio stated that Bitcoin is not a true safe haven because its transactions can be monitored and controlled, which deters central banks from holding it. He also noted Bitcoin's high correlation with tech stocks, meaning investors often sell Bitcoin to cover losses elsewhere. Despite Bitcoin outperforming gold since the Iran conflict began, Dalio highlighted Bitcoin's smaller market size compared to gold. Bitcoin advocates like Michael Saylor argue BTC serves as a strong global collateral with better risk-adjusted returns than gold.