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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Ray Dalio Warns Bitcoin Is Traceable and Not a True Safe-Haven Asset — Michael Saylor Hits Back

Ray Dalio is the founder of Bridgewater Associates. (Credit: WORLD ECONOMIC FORUM Moritz Hager/Flickr)

Bridgewater Associates founder Ray Dalio believes that central banks around the world aren't looking to adopt Bitcoin as a reserve asset, as the digital asset lacks privacy and transactions can be traced and potentially controlled.

'While Bitcoin gets a lot of attention, it hasn't played the safe-haven role many expected,' Dalio wrote in a late Monday post on X.

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