Ray Dalio doubts that central banks will kiss bitcoin

Ray Dalio, head of the billionaire hedge fund, says that he is skeptical about whether central banks plan to keep Bitcoin (BTC) as reserve currency, citing confidentiality problems.

It is like the largest crypto of market capitalization approaches its summit of all time (ATH) of $ 124,457.12 after exceeding the barrier of $ 120,000 in the last 24 hours, according to data from Coinmarketcap.

BTC That (Source: Coinmarketcap)

Bitcoin Blockchain is too public for central banks, says Dalio

Dalio went to X and shared a clip of an interview he had on the Podcast Master Investor, in which he weighed on the role that Bitcoin could have in the global financial system.

“I doubt that any central bank takes it as a reserve currency,” he said.

Dalio then said that Bitcoin blockchain was too public for central banks, which might want to maintain their private transactions.

He added that there is also the risk that the source code of Bitcoin is modified in one way or another in the future, which could break the blockchain and “make it less effective”.

I cannot say exactly how effective Bitcoin is as an argent, but it is perceived by many as an alternative money and is therefore worth paying attention.

Money must be both a means of exchange and a wealth store – and the latter is more important.

I doubt that everything … pic.twitter.com/vfaqga8gdb

– Ray Dalio (@raydalio) October 2, 2025

The founder of the hedge funds then declared that “money must be both a means of exchange and a wealth store – and the latter is more important.”

Dalio, however, said that Bitcoin “is perceived by many as an alternative money and that it is therefore worth paying attention”. He concluded his post saying that he holds a little bitcoin in his wallet, “but not much.”

Dalio’s comments follow the previous remarks he made, when he suggested that cryptocurrencies could serve as a “attractive” alternative to fiduciary currencies in difficulty.

He continued because if the dollar supply increases or the request for the greenback falls, investors could eventually turn to cryptos to protect their wallets.

In July of this year, Dalio also indicated that investors had an allocation of 15% to bitcoin or gold, citing potential risks of devaluation of the engagement currency in the middle of the American debt in a spiral. However, he showed a stronger preference for gold on Bitcoin, and described the goods the “purest game” for investors who wish to preserve the value of their portfolios.

The analyst says that Bitcoin transparency is a functionality, not a bug

The analyst and author of Crypto Adam Livingston Auits Dalio’s arguments and said that the high levels of transparency of Bitcoin blockchain are a characteristic and not a defect.

According to Livingston, “public audit eliminates the very opacity that allows Shadow Banking Implose in 2008”. »»

Hey Ray – A little word on your point of view on Bitcoin:

The value store test already passed. In 16 years, Bitcoin has gone from zero to an asset of 2.4 billions of dollars, crushed gold and each fiduciary currency on long -term purchase graphs and regulates more than $ 10 billion on the chain without …

– Adam Livingston (@adambliv) October 2, 2025

Regarding the value test test, Livingston has said that Bitcoin has already proven to be a portfolio curator.

In his article, he stressed how BTC went from zero to an asset of 2.4 billions of dollars, adding that he has “crushed gold and each fiduciary currency on long -term purchase graphics”. The analyst noted that Bitcoin “pays more than $ 10 billion on the chain without bailout or stop time”.

Livingston also said that “the blessing of the central bank is not relevant” in the case of Bitcoin.

“The dollar was not born inside the Bank of England, and the Internet did not need the post office,” he wrote.

“Companies, FNBs and hundreds of millions of people adopt Bitcoin because they choose non -censive guarantees, not because a committee buffered it,” added Livingston.

Governments work to create their own bitcoin reserves

While Dalio maintains that central banks will probably remain away from Bitcoin as reserve currency, governments around the world have advanced their own Bitcoin strategic reserves.

In March of this year, US President Donald Trump signed an executive decree to create a “Bitcoin Strategic Reserve”, which will be built using BTC which was seized by federal agencies. Under the prescription, these assets would not be sold and would be managed as reserve assets.

The American representative Mark Begich also presented a bill proposing that the government acquires 1 million BTC over five years using mechanisms considered as “budgetary neutral”.

El Salvador has already made a legal bitcoin and has a reserve of more than 6,102 BTC.

Meanwhile, two members of the Swedish Riksdag filed a motion urging the government to study the creation of a Bitcoin national reserve. Similar to the order of Trump, this reserve would be funded by seized assets.

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