Dalio, founder of Bridgewater Fund: Bitcoin is not suitable as digital gold

Ray Dalio, founder of Bridgewater Fund, stated in Tuesday's All In Podcast that Bitcoin is not suitable as a long-term value storage or safe haven asset due to a lack of central bank support and concerns about privacy protection and quantum resistance. He emphasized that Bitcoin cannot be used as digital gold, 'there is only one type of gold', and called gold the 'most mature currency' and the second largest reserve currency held by central banks. In addition, Dario stated that he does not understand why the central bank would purchase and hold Bitcoin for a long time.