Bridgewater Founder Ray Dalio Says He Holds About 1% of Wealth in BTC
Ray Dalio confirmed holding about 1% of his wealth in Bitcoin but cited traceability and quantum threats as hurdles for its reserve currency status.Summary
Bridgewater Associates founder Ray Dalio stated that he has held approximately 1% of his portfolio in Bitcoin for some time. However, he remains skeptical about its potential to become a global reserve currency due to significant structural challenges. Dalio pointed out that Bitcoin's traceability and transactional transparency are major concerns for governments, who would be hesitant to adopt a financial product that permanently records data publicly. Furthermore, he expressed worry over the potential threat posed by quantum computing, which could conceivably hack the system. Dalio previously suggested investors allocate 15% of their portfolios to Bitcoin and gold, noting his preference for gold because it is an asset one can physically hold. Separately, Dalio warned that the U.S. economy is nearing the advanced stages of a bubble, similar to those preceding the 1929 and 2000 crashes, based on his proprietary bubble indicator.
(Source：CoinDesk)