PANews reported on February 15 that Ray Dalio, founder of Bridgewater Fund, talked about Bitcoin again in the latest "All-In" podcast interview, and also mentioned the DeepSeek craze. He said that he saw currency depreciation through market trends, especially relative to gold, Bitcoin or other physical assets. More generally, all fiat currencies are depreciating, while gold, Bitcoin or other hard assets are relatively appreciating. Bitcoin or other digital assets is a topic worth discussing. Although commodities can hedge against inflation, they do not have a storage function. People cannot hold oil or wheat for a long time as a wealth storage tool like holding gold or Bitcoin.

Ray Dalio revealed that he still holds some Bitcoin, but not as much as gold. Bitcoin is one of his diversified investments, but he prefers gold because gold has several unique advantages:

• can move freely between countries;
• Central banks hold it as a reserve asset;
• It is harder to regulate than Bitcoin and can be held more “privately”;
• And gold cannot be taxed easily, but Bitcoin is different - regulators know the transaction path of Bitcoin and can easily regulate and tax it.