'I don't understand why people are more inclined to go to bitcoin than gold', says hedge fund billionaire Ray Dalio

Ray Dalio, billionaire and founder of Bridgewater Associates, holds a “little bit” of bitcoin BTCUSD, but “doesn’t understand why people are more inclined to go to bitcoin than gold,” he said in a new podcast interview with YouTuber Chris Williamson. MarketWatch has reported in the past that Dalio holds bitcoin.

“Cryptocurrency or Bitcoin doesn’t move in a reliable way related to almost anything,” said Dalio in the episode uploaded on Tuesday. “It, you know, moves up and down because of this move and that move….and unlike…