Bridgewater's Ray Dalio: Bitcoin Not Good for Long-Term Value Storage or Safe Haven Asset

BlockBeats News, March 4th: Ray Dalio, founder of Bridgewater Associates, said on Tuesday's All-In Podcast that Bitcoin is not suitable as a long-term store of value or a safe-haven asset due to reasons such as lack of central bank support, as well as remaining uncertainties regarding its privacy protection and quantum resistance.

He stated that Bitcoin cannot become "digital gold," as there is "only one kind of gold" in the world. Gold is not a speculative precious metal but the "most mature currency," serving as the second-largest reserve asset held by central banks worldwide. Dalio also mentioned the difficulty in understanding why central banks would buy and hold Bitcoin long term. (Cointelegraph)