Rebecca Patterson, the director of research at Bridgewater Associates said bitcoin could become “digital gold” if regulatory, volatility and liquidity issues are addressed.
Patterson was speaking on Bloomberg Surveillance where she was discussing Bridgewaters’ investment strategy and the unavoidable topic of bitcoin came up.
Digital gold
She said bitcoin can be compared with gold, but “wouldn’t call bitcoin an alternative currency.”Bitcoin is currently enjoying mainstream attention as companies such as carmaker Tesla and business intelligence software firm Microstrategy pump billions into the cryptoasset. Both companies are publicly-traded.
Some companies such as Square Inc. have bet millions on bitcoin while others are investing in BTC via ETFs or similar products.
But Bridgewater has stayed away from bitcoin due to regulatory, volatility, and liquidity issues.
“As institutional investors, we don't know yet if it's going to be digital gold, it may be over time, but I don't think we can say that with confidence yet," said Patterson, who joined the investment firm in December 2019, and before that, served as Bessemer Trust’s chief investment officer.
Last month, Bridgewater founder Ray Dalio said the hedge fund is scrutinizing bitcoin.
Hedge against inflation
Patterson added that bitcoin provides value to investors because it acts as a hedge against fiat currency."It is something that investors have been looking to as they worry about fiat currencies being devalued by all this central bank printing," said Patterson.
Central banks have been printing more money to stimulate the economy that slumped due to the coronavirus pandemic.
Patterson explained that there is no single factor that determines if bitcoin has reached digital gold status, but there are a number of factors Bridgewater is looking for.
The firm needs to see lower volatility. She argued that bitcoin is not a store of wealth for institutional investors because it can fluctuate 10% based on a tweet. She went on to say that BTC is more volatile than Venezuela’s Bolivar.
The firm also needs to see greater liquidity.
Importance of Regulations
She said that regulatory certainty could bring about liquidity. Patterson does not see regulation as a bad thing for bitcoin."The more you get a real regulatory ecosystem developing around bitcoin and other currencies, the more other types of investors are going to be comfortable coming in, that's going to bring the liquidity, that's going to reduce the volatility.”
Continue reading by joining Cryptonary Pro
$497/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
3X Value Guarantee
If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the 3X Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
Recommended from Cryptonary
