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- Billionaire investor Ray Dalio said he has a little bitcoin but prefers gold.
- On a recent podcast, he said bitcoin is volatile and has a smaller valuation than mega-cap stocks like Microsoft.
- "I don't understand why people are more inclined to go to bitcoin than gold."
Ray Dalio said he holds a small amount of bitcoin, but the cryptocurrency moves in unreliable ways and the billionaire investor favors gold.
"I would prefer gold," he said on Chris Williamson's YouTube podcast this week, pointing out that bitcoin has a smaller valuation than mega-cap stocks like Microsoft.