'Bitcoin transactions can be monitored’: Ray Dalio explains why central banks won’t touch BTC
Key takeaways
- Now, Ray Dalio says, it may be the very reason central banks won't adopt it as a reserve asset, even though corporations and institutional investors have embraced it.
- The billionaire hedge fund manager, who is also a bitcoin investor, said on X that, "Bitcoin lacks privacy.
- Ray Dalio has previously said he allocates about 1% of his portfolio to bitcoin.
Published May 12, 2026, 5:43 a.m. 3 min read Make preferred on What to know: Ray Dalio joins the privacy debate, saying Bitcoin’s full transparency makes it less likely to be adopted by central banks.He added that bitcoin’s correlation with tech stocks and relatively small market size put it at a disadvantage compared with gold as a reserve hedge.Bitcoin's BTC$81,219.29 transparency was once considered one of its greatest strengths. Now, Ray Dalio says, it may be the very reason central banks won't adopt it as a reserve asset, even though corporations and institutional investors have embraced it.
The billionaire hedge fund manager, who is also a bitcoin investor, said on X that, "Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren't looking to hold it."
Ray Dalio has previously said he allocates about 1% of his portfolio to bitcoin.