Ray Dalio Doubts Any Central Bank Would Take On Bitcoin As Reserve Currency Despite Many Seeing It As Alternative Money: ‘There’s No Privacy’
Billionaire hedge fund manager Ray Dalio expressed skepticism Thursday that central banks will consider holding Bitcoin (CRYPTO: BTC) as a reserve currency, citing privacy concerns.
Dalio Speaks On Bitcoin’s Perception As ‘Alternate Money’
Dalio took to X, sharing an older clip from the Master Investor Podcast in which he weighed on Bitcoin’s role as a form of money.
“I doubt that any central bank will take it on as a reserve currency,” the Bridgewater Associates founder said. “That’s because all of the transactions are public, so there’s no privacy to it, and there’s a risk that in the future the code could be broken to make it less effective through government controls.”
Dalio emphasized that while he couldn’t definitively comment on Bitcoin’s effectiveness, its perception as an “alternative money” makes it noteworthy.
“My personal approach is that I do have some Bitcoin in my portfolio, but not much,” he revealed.
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