World-Renowned Investor Ray Dalio Says, “Central Banks Will Never Hold Large Amounts of Bitcoin,” Explains Why

World-renowned investor Ray Dalio said that despite Bitcoin’s (BTC) limited supply and its perception as a store of value, it is unlikely to be held on a significant scale by central banks.

Dalio argues that Bitcoin has some fundamental structural problems, stating that one of the most significant risks is the high degree of transparency in transactions. According to the renowned investor, all transactions on the Bitcoin network are traceable, allowing governments to both monitor transactions and intervene if necessary. Dalio noted that this feature makes it difficult for central banks to prefer Bitcoin as a reserve asset.

In his statements, Dalio also compared Bitcoin to gold, arguing that gold’s most important advantage is that it is an asset that cannot be directly controlled or interfered with. He stated that Bitcoin does not offer the same level of security and independence, adding, “Gold is the only asset that, once you own it, cannot be easily controlled. This is not the case for Bitcoin.”

Dalio also drew attention to the technical risks regarding Bitcoin’s future. The renowned investor stated that, theoretically, Bitcoin could face risks such as being broken, manipulated, or having synthetic analogues created, adding that these uncertainties pose a serious concern for central banks.

*This is not investment advice.