Billionaire hedge fund legend says central banks won’t hold Bitcoin

Core Viewpoint - Ray Dalio expresses skepticism about Bitcoin as a reserve asset for central banks, preferring gold due to its reliability and control issues associated with Bitcoin [4][5][6]. Group 1: Dalio's Perspective on Bitcoin - Dalio holds a small amount of Bitcoin but finds it less attractive than gold [3]. - He remains bearish on fiat currencies, citing persistent debt and money printing as factors eroding their value [2]. - Despite Bitcoin's fixed supply and growing perception as money, Dalio believes its design and structural risks hinder its adoption by central banks [4][5]. Group 2: Concerns Regarding Central Bank Adoption - Dalio highlights control and transparency issues, noting that Bitcoin transactions can be monitored by governments, unlike physical gold [5][6]. - He emphasizes that central banks prioritize assets that function reliably during crises, making gold a more favorable option [6]. - Technological and security risks associated with Bitcoin, such as the potential for it to be "cracked, broken, or controlled," further diminish its appeal [7]. Group 3: Current Market Context - Bitcoin is currently experiencing increased volatility, with a price of $87,944.77, reflecting a 0.2% drop in the past 24 hours and a 22.1% drop over the past three months [8].