Ray Dalio Criticizes Bitcoin's Viability Compared to Gold

Ray Dalio, a well-known U.S. hedge fund veteran, has expressed skepticism about Bitcoin's ability to compete with gold. According to NS3.AI, Dalio highlighted several concerns, including Bitcoin's lack of privacy and its potential vulnerability to quantum computing. He also pointed out that central banks are unlikely to adopt Bitcoin as a reserve asset. Dalio further emphasized Bitcoin's high correlation with technology stocks, suggesting that this connection makes it susceptible to market manipulation due to its relatively small scale. His remarks add to the ongoing debate about the future of Bitcoin and its role in the global financial system.