Safe Haven

Bridgewater founder Ray Dalio said gold remains the only true safe‑haven in conflicts and flagged Bitcoin’s limited privacy as a key weakness. His remarks on March 3, 2026 underscore ongoing debate over crypto’s role in crisis scenarios.

Rising U.S.–Iran tensions are prompting a flight to safe havens, lifting gold prices while putting pressure on equities and Bitcoin. Markets are showing increased risk aversion as investors reprice geopolitical risk.

The IMF says gold remains a store of value thanks to millennia of trust and intrinsic scarcity, even as cryptocurrencies and digital money proliferate. The comments signal continued demand from investors and reserves managers balancing new digital assets with traditional hedges.

PAXG (PAX Gold) recorded its fourth straight day of all-time highs on October 16, marking one of the strongest crypto performances of the month. Traders point to increased demand for tokenized gold as investors seek a safe haven amid the U.S. government shutdown.