Billionaire investor Ray Dalio stated on the “All-In” podcast that gold and Bitcoin are not interchangeable safe-haven assets. He said that gold, with its unique position in the global financial system, remains the ultimate safe-haven asset, while Bitcoin is more like a risk asset. As Dalio made these remarks, he reiterated his view of gold as the “safest currency,” especially in the context of rising financial risks and the potential outbreak of “capital wars.”

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