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Ray Dalio Says Bitcoin Won’t Be a Reserve Currency, Keeps His Stake at 1%

He cites traceability plus potential quantum vulnerabilities as reasons governments won’t adopt Bitcoin for reserves.

Overview

  • The Bridgewater Associates founder reiterated that Bitcoin’s public, permanent ledger makes transactions trackable in ways governments would reject for reserve assets.
  • Dalio warned that future advances in quantum computing could compromise Bitcoin’s cryptography, calling this a long-term security risk.
  • He confirmed he has held roughly 1% of his portfolio in Bitcoin for years while favoring physical gold as a more dependable store of value.
  • Dalio has previously suggested allocating about 15% of portfolios to a mix of Bitcoin and gold, even as he emphasizes gold’s independence from digital infrastructure.
  • Recent context includes Bitcoin trading near $86,000 after a pullback from October’s record, expert estimates placing quantum threats years away, and limited central‑bank experiments such as the Czech National Bank’s $100 million test allocation across crypto assets.