Ray Dalio: Bitcoin is not suitable as a long-term store of value or a safe-haven asset

Ray Dalio, the founder of Bridgewater Associates, stated in Tuesday's All-In Podcast that Bitcoin is not suitable as a long-term store of value or a safe-haven asset, citing reasons such as the lack of central bank support and the uncertainties surrounding its privacy protection and quantum resistance.

He mentioned that Bitcoin cannot become "digital gold," asserting that "there is only one gold in the world." Gold is not a speculative precious metal, but rather "the most mature currency," and it is the second-largest reserve asset held by central banks. He expressed difficulty in understanding why central banks would buy and hold Bitcoin for the long term.