Altcoin News Official TheBitTimes.com

Billionaire hedge fund manager Ray Dalio says he is skeptical as to whether central banks will consider holding Bitcoin (BTC) as a reserve currency, citing privacy concerns. That’s as the largest crypto by market cap nears its all-time high (ATH) of $124,457.12 after breaking above the $120K barrier in the last 24 hours, according to data from CoinMarketCap . BTC price chart (Source: CoinMarketCap) Bitcoin Blockchain Is Too Public For Central Banks, Argues Dalio Dalio took to X and shared a clip of an interview he had on the Master Investor Podcast, in which he weighed in on what role Bitcoin could have in the global financial system. “I doubt that any central bank will take it on as a reserve currency,” he said.  Dalio then said that the Bitcoin blockchain is too public for central banks, who might want to keep their transactions private.  He added that there is also the risk that Bitcoin’s source code will be altered in some way in the fut...

The phenomenon of de-dollarization is once again actively gaining momentum. The US dollar is declining rapidly, hammered heavily due to the recent US tariff ordeal that has ended up wounding the American currency. In the middle of this, calls to diversify away from the US dollar have also been heard, with nations and investors both looking forward to exploring capable USD alternatives. In the meantime, a group of ten Commonwealth of Independent States has decided to ditch the US dollar, moving away from the currency to uplift their economies and liberate them from the shackles of American hegemony. Also Read: Tanzania’s US Dollar Ban Set the Stage for Kenya & Other EAC Nations Why Is The World Moving Towards De-Dollarization? Source: Watcher Guru De-dollarization is not new. The phenomenon has long existed within the layers of the global economic structure and has now started to gain traction as US dollar hegemony continues to hurt nations. The US dollar is the world’s leading ass...