Bridgewater founder Dalio: Bitcoin is not suitable as digital gold

Bridgewater founder Ray Dalio stated on 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 lack of central bank support and concerns about privacy protection and quantum resistance. He emphasized that bitcoin cannot serve as digital gold, saying "there is only one gold," and described gold as "the most mature currency" and the second largest reserve currency held by central banks. Additionally, Dalio said he does not understand why central banks would purchase and hold bitcoin for the long term.