Prominent American investor Ray Dalio is sharpening his long-held skepticism on Bitcoin’s role in the global system, arguing that despite its scarcity and appeal as money, it remains ill-suited to sit on central bank balance sheets.
In a recent interview with entrepreneur Nikhil Kamath, Dalio framed Bitcoin as money in spirit, then drew a clear line on who he expects to treat it as reserve grade.
“Bitcoin is limited in supply and its perception of money. It is a form of money,” he said, while describing a set of hurdles that he believes keep central banks at arm’s length.
Dalio said Bitcoin