Ray Dalio Doubts Any Central Bank Would Take On Bitcoin As Reserve Currency Despite Many Seeing It As Alternative Money: 'There's No Privacy'

Core Viewpoint - Billionaire hedge fund manager Ray Dalio expressed skepticism about central banks adopting Bitcoin as a reserve currency due to privacy concerns and the potential for government control over its code [1][2]. Group 1: Dalio's Perspective on Bitcoin - Dalio doubts that any central bank will adopt Bitcoin as a reserve currency, citing the public nature of transactions which compromises privacy [2]. - He acknowledges having a small amount of Bitcoin in his portfolio, indicating a cautious approach to cryptocurrency investment [3]. - Dalio previously suggested that cryptocurrencies could serve as an attractive alternative to struggling fiat currencies, especially if the supply of dollar money increases or its demand decreases [6]. Group 2: Counterarguments - Cryptocurrency analyst Adam Livingston countered Dalio's views, arguing that Bitcoin's transparency is a beneficial feature that prevents opacity in financial systems [4]. - Livingston dismissed the notion that Bitcoin's code could be broken as "hand-waved FUD," emphasizing that the SHA-256 algorithm remains secure despite bounty initiatives [5].