Ray Dalio says Bitcoin shouldn't be compared to gold while A16Z doubles down on crypto.

You're watching CoinDesk Daily. I'm Jen Sanasi.

Discover Nexo, the premier digital wealth platform now in the U.S.

Get started today at nexo.com slash coin desk.

Bridgewater founder of Ray Dalio took another swing at Bitcoin and the crypto industry isn't

having it. The billionaire argued on a podcast that Bitcoin shouldn't be compared to gold because

it lacks central bank backing, offers limited privacy, and faces threats from quantum computing.

Crypto experts are pushing back, calling these arguments

a tired narrative. Bitwise CIO Matt Hogan told CoinDesk that Dahlio isn't necessarily wrong,

but that these risks are why Bitcoin still trades at just 4% of gold's market cap.

Hogan argues that if these critiques didn't exist, Bitcoin would already be in a million dollars.

Now, Galaxy's Alex Thorne weighed in. He argued that Bitcoin has real world utility that gold

can never match. And Venex Matthew Siegel said quantum computing is a threat to the entire

financial system, not just crypto. As of this morning, Bitcoin is trading below $73,000,

warming up from its recent drawdowns.

Andresen Horowitz is doubling down on crypto. According to Fortune, the VC Giants crypto arm is raising $2 billion for its fifth fund, aiming to close by the first half of 2026.

While this target is less than half of its massive $4.5 billion raise in 2023, it still dwarfs recent competitors like Dragonfly Capital, $650 million fund. The move signals that while A16

Z is becoming more cautious with capital deployment, it remains committed to the sector.

The firm led by Chris Dixon has been a kingmaker in the industry backing heavyweights

like Uniswap and Coinbase. And JP Morgan CEO, Jamie Diamond, argued that stable coin issuer

is paying interest should be regulated just like banks, but White House CryptoAdvisor Patrick Witt

pushed back. Diamond argued that there needs to be a line between rewards paid on transactions

...