Bridgewater's Dalio: I have Bitcoin, but it only accounts for 1% of my portfolio; BTC will never be a sovereign national reserve currency.

The founder of the world's largest hedge fund, Bridgewater Associates, Ray Dalio, stated in an interview with CNBC's “Squawk Box” on November 20 that his Bitcoin holdings only account for 1% of his investment portfolio, reiterating his long-term concerns about this asset. (Background: Bridgewater's Dalio: U.S. debt crisis is about to explode, should allocate 15% of assets to “gold and Bitcoin”) (Supplementary background: Bridgewater's Dalio calls for dollar decline, “gold is indeed safer”: I feel the market is becoming a bubble) The founder of the world's largest hedge fund, Bridgewater Associates, Ray Dalio, stated in an interview with CNBC's “Squawk Box” on November 20 that his Bitcoin holdings only account for 1% of his investment portfolio, reiterating his long-term concerns about this asset. Dalio said, “I hold a small amount of Bitcoin, roughly 1% of my portfolio, and it has been that way for a long time.” He emphasized that this is just a small allocation for risk diversification and not an indication that he believes Bitcoin will become a mainstream asset. Bitcoin is unlikely to become a major country's reserve currency. Dalio bluntly stated that Bitcoin cannot become a reserve currency for major countries, mainly due to several reasons: transactions can be completely tracked, leading to a lack of sufficient privacy; it may face threats from quantum computing in the future, “theoretically it could be controlled or hacked”; the technological and geopolitical risks facing Bitcoin remain high. Therefore, he believes these structural issues make it difficult for Bitcoin to replace gold or the dollar as a pillar of the global monetary system. From “the government will kill it” to “it has proven itself” However, it is worth mentioning that Dalio's attitude towards Bitcoin has undergone a significant change. In early 2021, he warned, “If it really succeeds, the government will kill it; they have ways to kill it.” But by the end of 2021 to 2022, his tone softened, and he once admitted, “Bitcoin has proven itself. It has not been hacked and has withstood the test of time.” Related reports: Dialogue with Bridgewater founder Dalio: Asset allocation to wealth transfer, 10 financial rules for Chinese friends. Bridgewater's Dalio: The six major effects and four variables of Trump's tariffs affecting the world economy. Bridgewater's Ray Dalio warns: The U.S. is at the beginning of a “debt crisis cycle”, and the global economy will collapse rapidly. This article was first published in BlockTempo, the most influential blockchain news media.