Bridgewater Founder Says Bitcoin Unsuitable as Long-Term Value Store

Odaily News Bridgewater founder Ray Dalio stated on the All-In Podcast that Bitcoin is unsuitable as a long-term store of value or a safe-haven asset. Reasons include the lack of central bank backing and ongoing uncertainties regarding privacy protection and quantum resistance.

Ray Dalio claimed that Bitcoin struggles to become "digital gold," noting that gold is one of the significant reserve assets held by central banks. He pointed out that it's difficult to envision central banks purchasing and holding Bitcoin over the long term. (Cointelegraph)