Billionaire Ray Dalio – founder of Bridgewater Associates – recently emphasized in a recent interview that he holds about 1% of his personal portfolio in Bitcoin and believes that BTC is unlikely to become the reserve currency of major countries in the future.
According to information spread by his remarks on CNBC, Dalio said that he has held a small amount of Bitcoin “for a long time”, and that the proportion has always been stable at about 1% of the portfolio. He affirmed that his view on Bitcoin has not changed: “I always see BTC as an interesting asset, but it has limitations that prevent the powers that be from XEM it as a national reserve currency.”
Dalio explained that Bitcoin transactions can be traced to a certain extent, a major hurdle if BTC is expected to play a similar Vai to gold or the US dollar in the global financial system. In addition, he mentioned the risk that quantum technology could break or damage Bitcoin's cryptographic mechanisms in the future, although this is still theoretical at the moment.
