Ray Dalio Reaffirms Bitcoin Skepticism, Says He Still Holds Just 1% Allocation
Ray Dalio confirmed he holds only a 1% allocation to Bitcoin due to concerns over traceability and quantum computing threats.Summary
Billionaire investor Ray Dalio, founder of Bridgewater Associates, reiterated his cautious stance on Bitcoin, confirming he maintains only a 1% allocation across his portfolios. Speaking on CNBC, Dalio argued that Bitcoin faces structural challenges preventing it from becoming a global reserve currency, primarily because its transparency and traceability make it unattractive to major governments. Furthermore, he expressed concern over long-term security risks, specifically mentioning the potential threat posed by advances in quantum computing to Bitcoin's cryptography. While Dalio has previously acknowledged Bitcoin's durability, he continues to favor traditional hedges like gold, which he views as an asset one can hold without dependence on a third party. These comments come as Bitcoin has recently experienced a significant market pullback.
(Source：Bitcoin Magazine)