As reported by Bijié Wǎng, Ray Dalio expressed skepticism about Bitcoin's ability to serve as a reserve currency for central banks. In a podcast conversation with Nitin Kamath, Dalio explained that Bitcoin's structural characteristics limit its appeal to monetary authorities, despite its growing popularity and price potential. He emphasized that Bitcoin cannot function as a reliable reserve asset.
Ray Dalio Doubts Bitcoin's Potential as Central Bank Reserve Currency
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Summary
Ray Dalio questioned Bitcoin’s role as a central bank reserve asset in a recent podcast with Nitin Kamath. He argued that Bitcoin’s design makes it unsuitable for official reserves, despite its potential as a hedge against inflation. Dalio stressed that while BTC may appeal to investors, it lacks the stability required by monetary authorities. The bitcoin ETF approval debate continues, but he remains unconvinced of Bitcoin’s viability in that context.
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