Overview
- Speaking to CNBC, the Bridgewater founder said his bitcoin holding has been roughly 1% of his portfolio for years.
- He argued that Bitcoin’s public traceability and potential vulnerability to future quantum computing make it unsuitable for central bank reserves.
- Dalio contrasted Bitcoin with gold, calling gold an asset you can physically hold without relying on a network or issuer.
- He linked his stance to broader macro risks, warning that rising government debt and bubble-like conditions threaten financial stability.
- Coverage noted light industry reaction, including a quip from Binance’s Changpeng Zhao, and pointed to concurrent institutional experiments such as the Czech National Bank’s $100 million crypto test portfolio, as experts debate how soon quantum computing could pose a real threat.