Dalio: Bitcoin is not suitable as a long-term storehold of wealth or a safe-haven asset

BlockBeats News, March 4th, Dalio said on Tuesday's All-In Podcast that Bitcoin is not suitable as a long-term store of value or safe-haven asset, reasons including lack of central bank support, as well as remaining uncertainty about its privacy protection and quantum resistance.

He argued that Bitcoin cannot become "digital gold," as "there is only one kind of gold in the world." Gold is not a speculative precious metal, but the "most mature currency," also the second-largest reserve asset held by central banks around the world, and said it is difficult to understand why central banks would buy and hold Bitcoin in the long term. (Cointelegraph)