Bridgewater founder highlights Bitcoin’s lack of privacy and small market size as barriers to reserve asset status.
Ray Dalio stated Bitcoin’s transparent ledger makes it unattractive for central banks as a reserve asset. The hedge fund manager noted transactions can be monitored and controlled, reducing its appeal compared to gold.
Dalio, who holds about 1% of his portfolio in BTC, previously cited its correlation with tech stocks and limited market size as disadvantages. Bitcoin’s public ledger allows real-time tracking of transactions, enabling blockchain analytics firms to trace fund flows.
The comments underscore ongoing debates about Bitcoin’s role as a hedge amid regulatory and institutional scrutiny.