Gold vs. Bitcoin: Why Billionaire Ray Dalio Says “There Is Only One Gold”

[GreatArkansas]

I don’t care what that dinosaur thinks really. Bitcoin is far better than gold because it’s easier to move and store. You can send Bitcoin anywhere in the world in minutes, while gold is heavy and hard to transport.

Bitcoin is also limited to 21 million coins so no one can just make more of it. It’s digital so you don’t need a vault or physical storage. Gold has been valuable for a long time but Bitcoin is more suited for the internet age and global transactions.

For me, what I can see with Bitcoin right now is like a modern gold, as there are a lot of similarities between gold and Bitcoin. That's why they say Bitcoin is "Digital Gold" because it's really new, built on top of the internet and innovation.

So for me, I will still go for Bitcoin, I trust more Bitcoin than Gold, like how other people and companies using Bitcoin as their investment, store of value or treasury.

[TastyChillySauce00]

I understand Dalio’s point historically, but Bitcoin doesn’t need to replace gold to succeed. It just needs to exist as an alternative store of value.
Ray Dalio saying “there is only one gold” is interesting, but I think Bitcoin created a new category. Gold is physical scarcity, while Bitcoin is digital scarcity. Both solve different problems.

Gold is scarce until scientist finds a way to recreate one the same way they've invented a way to recreate lab made diamond. Bitcoin scarcity is guaranteed by math.
I find bitcoin to be superior in this regard, where the scarcity is true scarcity capped at 21 million and nobody could debunk it.

[colinistheman]

I understand Dalio’s point historically, but Bitcoin doesn’t need to replace gold to succeed. It just needs to exist as an alternative store of value.
Ray Dalio saying “there is only one gold” is interesting, but I think Bitcoin created a new category. Gold is physical scarcity, while Bitcoin is digital scarcity. Both solve different problems.

Gold is scarce until scientist finds a way to recreate one the same way they've invented a way to recreate lab made diamond. Bitcoin scarcity is guaranteed by math.
I find bitcoin to be superior in this regard, where the scarcity is true scarcity capped at 21 million and nobody could debunk it.

If we talk about fake gold, I will agree with you that gold can indeed be counterfeited. However, producing gold in large quantities in a laboratory is not feasible. Because over 5,000 years have passed, and despite technological advancements, we still have not achieved that. So do not expect artificial gold to appear in the near future. Furthermore, do not focus too much on supply because limited supply is meaningless if demand is not high.

Both Bitcoin and gold are excellent and superior assets. Each type of asset has its own unique beauty and advantages. There is no need to compare when we can have both.

[melinoe]

If we talk about fake gold, I will agree with you that gold can indeed be counterfeited. However, producing gold in large quantities in a laboratory is not feasible. Because over 5,000 years have passed, and despite technological advancements, we still have not achieved that. So do not expect artificial gold to appear in the near future. Furthermore, do not focus too much on supply because limited supply is meaningless if demand is not high.

Both Bitcoin and gold are excellent and superior assets. Each type of asset has its own unique beauty and advantages. There is no need to compare when we can have both.

People will always compare them.

It's on our nature to find pros and cons to things that are relevant to one another

[Wind_FURY]

I don’t care what that dinosaur thinks really. Bitcoin is far better than gold because it’s easier to move and store. You can send Bitcoin anywhere in the world in minutes, while gold is heavy and hard to transport.

Bitcoin is also limited to 21 million coins so no one can just make more of it. It’s digital so you don’t need a vault or physical storage. Gold has been valuable for a long time but Bitcoin is more suited for the internet age and global transactions.

Personally, I believe BOTH Bitcoin and Gold each have their own good features which makes them both feasible as a long-term investment. If you have enough capital to HODL both, then why not HODL both, no?

I heard that there are Central Banks in some countries that sell Gold with no questions asked where the fiat came from.

[john_egbert]

Personally, I believe BOTH Bitcoin and Gold each have their own good features which makes them both feasible as a long-term investment. If you have enough capital to HODL both, then why not HODL both, no?

I heard that there are Central Banks in some countries that sell Gold with no questions asked where the fiat came from.

Interesting why so..

[Floxynice]

Bitcoin is Bitcoin and gold is gold. The only similarities both share is that they are both stores of value. Everyone is at liberty to choose their most preferred choice of store of value. As for me and majority users in this forum, we go for Bitcoin, but that does not mean that a person who thinks gold is better is out of his mind. Both class of assets belong to different categories, it would make more sense if gold was a cryptocurrency but it is not. For now, the comparison no longer neccessary.

[MusaMohamed]

Bitcoin is also limited to 21 million coins so no one can just make more of it. It’s digital so you don’t need a vault or physical storage. Gold has been valuable for a long time but Bitcoin is more suited for the internet age and global transactions.

I agree but people have their personal favorite choices and we don't have to convince all of them changing their mindset. They can do what they believe in, while we can simply accumulate more bitcoin and can take advantage of their disbelief in Bitcoin too. There is no actual reasons for arguing too much with such people, let them be and live with their choices.

Personally, I believe BOTH Bitcoin and Gold each have their own good features which makes them both feasible as a long-term investment. If you have enough capital to HODL both, then why not HODL both, no?

I heard that there are Central Banks in some countries that sell Gold with no questions asked where the fiat came from.

People can hold both gold and Bitcoin or they can hold only gold or Bitcoin, it's personal. With Gold maximalists, they only hold gold while Bitcoin maximalists always hold only Bitcoin.

Fortunately we don't have to go too extreme like them, and we can hold both gold and Bitcoin. It's only different in the percent of capital for gold and Bitcoin. Who want a little bit more risk but higher chance of better ROI will choose Bitcoin and assign with more capital percent in their portfolios. The opposite capital percent will be bigger for gold with people who prioritize safety than take higher risk.

[dezoel]

I think so too Bitcoin cannot be controlled by anyone and it doesn't even need banks. So, banks shouldn't acquire it. Talking about gold and Bitcoin, especially comparing them, is difficult because these two assets have different characteristics. As you said, gold has a large storage capacity, while Bitcoin only requires a seed phase and can be easily carried anywhere. However, we cannot underestimate gold as a valuable asset, even though it has been around for centuries. Its supply continues to increase due to its continued mining yet its price remains stable and even tends to rise as it is now.

That's why it's often recommended to own both assets, especially in the midst of a currency war like the current one. Bitcoin and gold are the best options for storing value. People's perspectives on gold and Bitcoin differ, especially when they relate to banks, which can be controlled by certain parties. I agree with you that Bitcoin is more profitable than gold, but gold remains a second-best option after Bitcoin.

This is why I started into bitcoin as well, because banks couldn't touch it. No matter what they do, no matter how they react, no matter who they bribe, no matter how much governments try, my bitcoin is my bitcoin and they can't do anything about it, furthermore, they can't even change the decentralized part of bitcoin, they have to accept it as it is and can't do anything about it.

This is why I have an honest opinion that this will matter a lot more with time and do not care what's going on.

[DanWalker]

For me, what I can see with Bitcoin right now is like a modern gold, as there are a lot of similarities between gold and Bitcoin. That's why they say Bitcoin is "Digital Gold" because it's really new, built on top of the internet and innovation.

So for me, I will still go for Bitcoin, I trust more Bitcoin than Gold, like how other people and companies using Bitcoin as their investment, store of value or treasury.

I think that Bitcoin is Bitcoin, and gold is gold. Bitcoin is not modern gold or digital gold. Because, in addition to being used as a store of value, Bitcoin is also a decentralized monetary system that allows people to exchange value directly with each other without intermediaries and very easily. Something that gold cannot do.

In my opinion, calling Bitcoin digital gold or modern gold is just a simple comparison to help people understand it better, rather than fully reflecting its nature. 

[Easteregg69]

Exploding in to space. I bought shares in silver and gold mining to see what comes of it.

Getting old. Beyond "shitcoins". 69'er old.

It's very easy since i did it some days ago. See if your bank has an "invest" button. Put "bitcoin" in the search field. Next. Put "silver" and "gold" in it.

They come up with some test if its usbydefault. You know the answers. Yes. you can loose all your money. Your still putting people to work.

All the violence and the double talks. It's just. The walk of life.

[Smack That Ace]

I understand Dalio’s point historically, but Bitcoin doesn’t need to replace gold to succeed. It just needs to exist as an alternative store of value.
Ray Dalio saying “there is only one gold” is interesting, but I think Bitcoin created a new category. Gold is physical scarcity, while Bitcoin is digital scarcity. Both solve different problems.

Gold is scarce until scientist finds a way to recreate one the same way they've invented a way to recreate lab made diamond. Bitcoin scarcity is guaranteed by math.
I find bitcoin to be superior in this regard, where the scarcity is true scarcity capped at 21 million and nobody could debunk it.

But did you know that lab grown diamonds are 70-90% cheaper than natural diamonds? They are not of the same value. Similarly, if one day human were able to create artificial gold, that would not diminish the value of real gold.

Remember, the value of an asset is a combination of supply and demand, or scarcity, extraction cost and market acceptance. Similarly, the value of Bitcoin is determined not only by its supply but also depends on its acceptance and demand.

[Danica22]

I don’t care what that dinosaur thinks really. Bitcoin is far better than gold because it’s easier to move and store. You can send Bitcoin anywhere in the world in minutes, while gold is heavy and hard to transport.

Bitcoin is also limited to 21 million coins so no one can just make more of it. It’s digital so you don’t need a vault or physical storage. Gold has been valuable for a long time but Bitcoin is more suited for the internet age and global transactions.

Personally, I believe BOTH Bitcoin and Gold each have their own good features which makes them both feasible as a long-term investment. If you have enough capital to HODL both, then why not HODL both, no?

I heard that there are Central Banks in some countries that sell Gold with no questions asked where the fiat came from.

Yes, both bitcoin and gold have their own advantages and disadvantages, and play different roles in different situation. Therefore, comparing them is neither really necessary nor helpful.

In terms of investment, which option is better will depend on each person's investment preferences and risk tolerance. There is no single type of asset that is best for everyone because we are all different.

In the end, we can absolutely invest in both to diversify our portfolio and balance risk. Why compare and choose one over the other?

[Ab de villiers]

Bitcoin is Bitcoin and gold is gold. The only similarities both share is that they are both stores of value. Everyone is at liberty to choose their most preferred choice of store of value. As for me and majority users in this forum, we go for Bitcoin, but that does not mean that a person who thinks gold is better is out of his mind. Both class of assets belong to different categories, it would make more sense if gold was a cryptocurrency but it is not. For now, the comparison no longer neccessary.

Actually, it was an awareness issue because earlier many people did not consider Bitcoin as a serious asset and did not give it the same importance as gold or silver. But now people thinking has changed and most people have understood that Bitcoin is also a strong store of value . Nowadays, institutions and big investors around the world are also making Bitcoin a part of their portfolio, just like people keep gold to protect their wealth. Now people are also using it to avoid inflation. People who were skeptical about it earlier are also gradually accepting this technology. Now Bitcoin is also called digital gold and there will come a time when everyone will adopt it as a safe asset.

[Floxynice]

Bitcoin is Bitcoin and gold is gold. The only similarities both share is that they are both stores of value. Everyone is at liberty to choose their most preferred choice of store of value. As for me and majority users in this forum, we go for Bitcoin, but that does not mean that a person who thinks gold is better is out of his mind. Both class of assets belong to different categories, it would make more sense if gold was a cryptocurrency but it is not. For now, the comparison no longer neccessary.

Actually, it was an awareness issue because earlier many people did not consider Bitcoin as a serious asset and did not give it the same importance as gold or silver. But now people thinking has changed and most people have understood that Bitcoin is also a strong store of value . Nowadays, institutions and big investors around the world are also making Bitcoin a part of their portfolio, just like people keep gold to protect their wealth. Now people are also using it to avoid inflation. People who were skeptical about it earlier are also gradually accepting this technology. Now Bitcoin is also called digital gold and there will come a time when everyone will adopt it as a safe asset.

As at then, it was all about awareness, but now it it has gone more than just awareness. Some people are actually believing that bitcoin is gold but in its digital form. Those two are totally different. There is no doubt that bitcoin is a store of value and an hedge against inflation, which ofcourse is the major reason people consider bitcoin as gold. Both carry different levels and forms of risks. People can  choose either of the two base on their risks tolerance, tech savviness and investment preference.

[Doll2233]

I understand Dalio’s point historically, but Bitcoin doesn’t need to replace gold to succeed. It just needs to exist as an alternative store of value.
Ray Dalio saying “there is only one gold” is interesting, but I think Bitcoin created a new category. Gold is physical scarcity, while Bitcoin is digital scarcity. Both solve different problems.

Gold is scarce until scientist finds a way to recreate one the same way they've invented a way to recreate lab made diamond. Bitcoin scarcity is guaranteed by math.
I find bitcoin to be superior in this regard, where the scarcity is true scarcity capped at 21 million and nobody could debunk it.

But did you know that lab grown diamonds are 70-90% cheaper than natural diamonds? They are not of the same value. Similarly, if one day human were able to create artificial gold, that would not diminish the value of real gold.

Remember, the value of an asset is a combination of supply and demand, or scarcity, extraction cost and market acceptance. Similarly, the value of Bitcoin is determined not only by its supply but also depends on its acceptance and demand.

Gold market always go up every years and you can see stats of the gold and graph of gold in the last 10 years and there was a time when its supply was also limited and demand was good but gold price was not low nor high and people were in profit but they didn't get big margin by  investment in gold. When Trump came  in a power he threat to big economic powers and they decided to see alternative and they went towards gold and China and Saudi Arabia has most of the gold on government Level and they want to get rid of dollar because the don't want dominancy of Donald trump and Trump is trying to hold all World as he has big plans. That is reason we saw high price increase at the start of 2026 because china want to save commodities.

[Akbarkoe]

The claim that Bitcoin isn't true, and that there's only one gold, so I don't think this statement is a problem because Bitcoin isn't gold.
We've seen Bitcoin's adoption slowly, but I think it's quite massive. In less than two decades, Bitcoin has already become as popular as it is now. Compared to gold, it's certainly a far cry. Gold has been known to humans for thousands of years, while Bitcoin is still relatively new. Although new, Bitcoin is now a reliable store of value, and its value is actually growing much faster than gold due to its still low adoption.

[sleepfirefly]

I don’t care what that dinosaur thinks really. Bitcoin is far better than gold because it’s easier to move and store. You can send Bitcoin anywhere in the world in minutes, while gold is heavy and hard to transport.

Bitcoin is also limited to 21 million coins so no one can just make more of it. It’s digital so you don’t need a vault or physical storage. Gold has been valuable for a long time but Bitcoin is more suited for the internet age and global transactions.

Personally, I believe BOTH Bitcoin and Gold each have their own good features which makes them both feasible as a long-term investment. If you have enough capital to HODL both, then why not HODL both, no?

I heard that there are Central Banks in some countries that sell Gold with no questions asked where the fiat came from.

gold is very accessible to anyone with money. there are even small jewelry shops selling them or you can lend your gold to them in exchange of money. it’s expensive but it’s quite easy to buy. though we have to be careful because not everything is real gold.

[AmaGold70]

Ray Dalio says there is only one gold. Are there anyone that have said before that bitcoin is gold? I think some people do not know what it means as bitcoin is the digital gold. No one is saying bitcoin is gold but they are saying bitcoin is a store of value, one of the characteristics seen in gold.

Ideally, Bitcoin is not a gold, but Bitcoin has displayed excellent performance right from existence till date and gaining investors trust. Because of bitcoin appealing nature when it comes to investment people are forced to call it digital gold. There have been debates over bitcoin and gold which is a better investment, some people say gold while some say Bitcoin, but on my own part I think bitcoin has outperformed gold in terms of growth and wealth generation. Gold is a mature resources, it existed long time ago, but Bitcoin is a new technology that just less than two decades. Comparatively, Bitcoin has made more money for investors than gold, this singular reason makes me believe Bitcoin is more appealing investment compared to gold, though the two assets grows in value over time.

The man talked some sense though because he has said in early 2026 that people can buy either bitcoin or gold. So he sees the value in bitcoin also.

But I do not like what he said about banks only acquiring gold and that gold is the second asset that banks acquired the most and relate it to bitcoin, that banks are not requiring bitcoin. Banks met gold on earth. In fact people met gold on earth, but bitcoin was just created in 2009 which is less than 2 decades. We have seen United States having laws not to sell their consficated bitcoin. There are many countries that also want to make bitcoin as a reserve asset. It can not just begin within a short period of time.

But the fact still remains, which is bitcoin is a store of value.

https://www.tipranks.com/news/gold-vs-bitcoin-why-billionaire-ray-dalio-says-there-is-only-one-gold

Ideally, Bitcoin is not a gold, but Bitcoin has displayed excellent performance right from existence till date and gaining investors trust. Because of bitcoin appealing nature when it comes to investment people are forced to call it digital gold. There have been debates over bitcoin and gold which is a better investment, some people say gold while some say Bitcoin, but on my own part I think bitcoin has outperformed gold in terms of growth and wealth generation. Gold is a mature resources, it existed long time ago, but Bitcoin is a new technology that just less than two decades. Comparatively, Bitcoin has made more money for investors than gold, this singular reason makes me believe Bitcoin is more appealing investment compared to gold, though the two assets grows in value over time. Bitcoin has some difference from gold and for the fact that the two assets differ in their similarities and characteristics, Bitcoin can not be called gold, just thesame way gold cannot be called Bitcoin.

The man talked some sense though because he has said in early 2026 that people can buy either bitcoin or gold. So he sees the value in bitcoin also.

But I do not like what he said about banks only acquiring gold and that gold is the second asset that banks acquired the most and relate it to bitcoin, that banks are not requiring bitcoin. Banks met gold on earth. In fact people met gold on earth, but bitcoin was just created in 2009 which is less than 2 decades. We have seen United States having laws not to sell their consficated bitcoin. There are many countries that also want to make bitcoin as a reserve asset. It can not just begin within a short period of time.

[Royal Cap]

You need to understand that no matter how much the price of bitcoin worths, gold will still remain relevant in years to come and will never lose its value. The reason is simple, we have digital gold and physical gold too which makes it more accessible to everyone unlike bitcoin that is mainly used through the internet so there's nothing like bitcoin being a digital gold. Bitcoin only exist in digital form alone so we should stop calling bitcoin a digital gold.

Bitcoin is a valuable asset that can stand the test of time without losing it's value and so also is gold a valuable asset with those potentials. Just as bitcoin is hedge against inflation so also is gold, they're are both worthy of investing on but what separates them is decentralization. Yes, there is only one gold, gold is gold while bitcoin is bitcoin and both are valuable in their unique ways so there's no need for comparison.

I think people often refer to Bitcoin as digital gold just for the sake of convenience, but in reality the two things are different. Gold is a very old and tested asset for people so naturally people consider it more secure. The strength of Bitcoin lies elsewhere, It is easily transferable, and there is no central control. So some people see it as a modern day asset, In my opinion there is no need to prove one against the other. Gold will remain in its place and Bitcoin has also become valuable for its own reasons.