Overview
- In a CNBC interview on Nov. 20, the Bridgewater founder said he has held roughly 1% of his portfolio in bitcoin for years.
- He said governments are unlikely to adopt an asset whose transactions are publicly traceable and permanently recorded.
- He warned that future advances in quantum computing could conceivably compromise Bitcoin’s cryptographic security.
- Dalio reiterated a preference for physical gold as a reserve hedge because it can be held without reliance on a digital network or issuer.
- His remarks follow central bank experiments with digital assets, including a Czech National Bank test portfolio, and come as bitcoin trades below October’s highs.