Ray Dalio Says Central Banks Won’t Embrace Bitcoin — Here’s Why Billionaire investor and former Bridgewater Associates CEO Ray Dalio told Zerodha founder Nitin Kamath on a recent podcast that he doubts central banks will adopt Bitcoin as a reserve asset. While acknowledging Bitcoin’s role as a store of value, Dalio argued the coin has structural and practical flaws that make it unattractive to official institutions. Key points from Dalio’s take: - Transparency and traceability: “Transactions could all be followed in Bitcoin,” Dalio said, noting that governments can monitor activity on the blockchain — a feature that could enable interference rather than foster independent reserve holdings. - Lack of necessary “flow”: He argued Bitcoin lacks the transactional dynamics or “flow” central banks would seek in a currency alternative. - Vulnerability to control or compromise: Dalio warned of the risk that Bitcoin’s network could be “cracked, broken, and controlled,” raising concerns about its reliability at scale. - Gold remains the safe haven: By contrast, Dalio described gold as uniquely resistant to manipulation — an asset “they can’t mess with and control,” implying it’s more suitable for long-term reserve status. What this means Dalio’s critique is a reminder that institutional adoption of Bitcoin faces nontechnical and geopolitical hurdles in addition to market and regulatory ones. His view suggests central banks are more likely to stick with—and prefer—assets that are harder to monitor or control, such as gold, when constructing official reserves. Dalio’s comments add to ongoing debate about Bitcoin’s potential as a global reserve currency and underscore that even prominent investors see significant barriers to that outcome. Read more AI-generated news on: undefined/news

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