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Billionaire hedge fund legend says central banks won’t hold Bitcoin
Ray Dalio has always remained cautious about crypto. While he does hold a little bit of Bitcoin (BTC), he prefers to put his faith in gold. In a recent podcast, the billionaire hedge fund founder revealed why central banks are also unlikely to embrace it. While Dalio expressed skepticism about Bitcoin as a reserve asset, he was clear that his caution does not stem from confidence in government-issued money. He reiterated that he remains bearish on fiat currencies, saying persistent debt and money printing continue to erode their value over time. That outlook explains why he still holds some Bitcoin, even if it plays ... (full story)
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