Bridgewater Associates founder Ray Dalio stated that Bitcoin is not suitable as a long-term store of value or a safe-haven asset, citing reasons such as the lack of central bank backing, as well as uncertainties surrounding its privacy protections and quantum resistance. Dalio said on Tuesday's All-In Podcast that Bitcoin cannot become "digital gold," emphasizing that "there is only one gold in the world." He explained that gold is not a speculative metal but "the most mature currency," and it is the second-largest reserve asset held by central banks worldwide. He also expressed difficulty understanding why central banks would buy and hold Bitcoin long-term. (Cointelegraph)