BlockBeats News, May 12th: Bridgewater Associates founder Ray Dalio stated this morning that Bitcoin has not acted as a safe haven asset as some in the market expected. This is due to its lack of privacy, the possibility of transactions being monitored or restricted, and its high correlation with tech stocks. As a result, investors often sell off their Bitcoin to add liquidity when other assets are under pressure.

Furthermore, the Bitcoin market is relatively small and more vulnerable to manipulation, while gold, with its wider ownership and established historical status, continues to play a central role in the global financial system.