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Top asset management team helps you profit without hassle
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Bridgewater's Ray Dalio: Bitcoin is not suitable as a long-term store of value or a safe-haven asset
On March 4th, Ray Dalio, founder of Bridgewater Associates, stated on Tuesday’s All-In Podcast that Bitcoin is not suitable as a long-term store of value or a safe-haven asset. The reasons include the lack of central bank support, as well as uncertainties surrounding its privacy protections and quantum resistance. He said Bitcoin cannot become “digital gold,” emphasizing that “there is only one gold in the world.” Gold is not a speculative precious 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)