Ray Dalio Says Crypto "Has No Relation to Anything": What Does It Mean?

Ray Dalio, the billionaire hedge fund investor and founder of Bridgewater Associates, has once again voiced his skepticism about cryptocurrency. According to a recent interview on CNBC’s Squawk, Ray Dalio, the founder of Bridgewater Associates, made a bold statement about Bitcoin. He said that the digital asset “has no relation to anything.” The latest comment comes at a time when the market is performing better, making his views particularly noteworthy.

Dalio has long been critical of excess money printing and has written detailed explainers on the subject. His skepticism stems from reservations about Bitcoin’s utility as a currency, store of value, or payment method. In February 2025, Dalio expressed these concerns, stating that “Bitcoin has no relation to anything. It\'s a tiny...” – a sentiment he continues to echo.

Bridgewater founder Ray Dalio has given a statement regarding Bitcoin, saying it doesn\'t have any relation to anything. Dalio says that the attention that it gets is too much for something he considers disconnected from fundamental value. Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says it’s “amazing” what bitcoin has accomplished but believes the underlying asset lacks a tangible connection to real-world assets or economic activity.

Ray Dalio recently addressed on live TV that cryptocurrencies have no relation to anything. While acknowledging the technological innovation, his core argument centers on the perceived lack of intrinsic value and its disconnect from traditional financial systems. Investors are carefully considering Dalio\'s viewpoints and analysis, especially given his track record and influence in the financial world.

What does Dalio\'s statement mean for the future of crypto? Time will tell if his predictions hold true, but his comments certainly add fuel to the ongoing debate surrounding the long-term viability and legitimacy of cryptocurrencies.