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Ray Dalio Warns CBDCs Would End Financial Privacy and Enable Government Control

U.S. officials signal no digital‑dollar plan despite dozens of countries running central bank pilots.

Overview

  • In a widely viewed Tucker Carlson interview, the Bridgewater founder said central bank digital currencies would make every transaction visible to authorities, erasing financial privacy.
  • He warned programmability could let governments levy taxes directly, freeze or seize funds, enforce sanctions and foreign‑exchange controls, and cut off politically disfavored users.
  • Dalio expects implementations but doubts CBDCs will be attractive savings vehicles, noting they likely would not pay interest and could lose out to money‑market funds or bonds.
  • His remarks arrive as more than 130 jurisdictions study CBDCs, with 72 in advanced phases and launches in the Bahamas, Jamaica, and Nigeria, even as the United States maintains a holdout posture under a 2025 executive order and recent Treasury statements.
  • Privacy‑focused crypto advocates moved to capitalize on the moment, with a former Trump adviser promoting Zcash and industry voices highlighting privacy‑preserving technologies as alternatives.