Bridgewater founder Ray Dalio gave a calm and sharp judgment on Bitcoin in his latest podcast interview (December 22). He believes that $BTC will never become a reserve asset for mainstream institutions; it's not a matter of time, but a fundamental flaw.
Dalio's core points are as follows:
1. The illusion of central bank reserves is shattered: "Central banks and many institutions are unlikely to hold large amounts of Bitcoin." The transparent blockchain ledger is seen as an advantage in the crypto community, but it is a fatal weakness in the eyes of sovereign institutions.
2. The transparency trap of government surveillance: "All transactions can be tracked, and governments can monitor and intervene in these transactions." When real financial pressure comes, Bitcoin cannot provide the kind of sovereign-level protection that holders expect.
3. The irreplaceability of gold: "Gold is the only asset that cannot be intervened with or controlled; owning it is yours. But Bitcoin is not like that." Although he holds a small amount of Bitcoin (about 1% of his portfolio) as a hedge, the core allocation remains gold.
What you hold in your hand, is it the key to the future or a digital shackles monitored by big data?
What do you genius traders think? Welcome to discuss 😎