Billionaire Ray Dalio reveals 'small' Bitcoin portfolio

Core Viewpoint - Ray Dalio, the founder of Bridgewater Associates, holds a small percentage of Bitcoin, approximately 1% of his portfolios, but expresses significant concerns about its viability as a global reserve currency due to structural hurdles and long-term vulnerabilities [1][2][5]. Group 1: Bitcoin's Viability as a Reserve Currency - Dalio argues that Bitcoin's transparency and technical limitations make it unsuitable as a foundation for global monetary reserves [3]. - He states that Bitcoin will not be adopted as a reserve currency by major countries because it can be tracked [4]. - Dalio has previously warned that if Bitcoin becomes too successful, governments may take action against it [5]. Group 2: Security Concerns - Dalio raises alarms about Bitcoin's long-term security in the context of advancing computing technologies, particularly quantum computing, which could potentially compromise Bitcoin's cryptography within the next 10–15 years [4][6]. - Experts suggest that hackers could exploit public keys now and unlock them later as quantum technology matures [6]. Group 3: Historical Perspective on Bitcoin - While Dalio has historically maintained a cautious stance on Bitcoin, he acknowledged its durability and resilience compared to earlier skepticism, noting that it has not been hacked and has stood the test of time [7].