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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 world is now increasingly adopting diverse financial practices, including exploring alternatives in all major domains to safeguard their assets. With new elements coming in, investors now have a broader spectrum of safe-haven assets to explore. Rising geopolitical tensions coupled with aggressive foreign policies have weakened the US dollar, with the faith in the American currency weakening by the day. Here are three prominent reasons why the US dollar is not the safe haven asset that it used to be. Also Read: BRICS: Global Alliances Must Unite to Topple the US Dollar’s Supremacy US Dollar May Not Be Considered A Safe Haven Asset Anymore: Here’s Why 1. Plunging Share in Global Reserves Source: MoneyControl There was a time when the US dollar used to dominate global reserve shares. Nearly all major economies had abundant USD shares, with the American currency enjoying exclusive perks of being the “only” currency that held major power over its peers and competitors. However, wit...

2024 has been particularly favorable for the asset markets, with financial domains reporting some stellar metrics. A recent post by the Global Markets Investor has shared how 2024, in all its peculiarities, has displayed a “haywire” market arena, where financial investigators have noted a mix of “positive oddities” across gold, silver, stocks, and economic domains. Also Read: US Stocks: Top 3 Reasons To Buy Uber (UBER) Stock Now 2024: Bitcoin, Stocks, Silver, and Gold Rally The Global Markets Investor took to X to share a detailed post outlining some of the most promising yet “craziest” financial developments this year. The post emphasized how the S&P 500 is up 22% this year, showcasing its best performance. In addition, gold and silver have shown an incredible surge this year, displaying an upward ascent at a consistent pace. While gold has shown its best price performance in the last 45 years, silver, too, has rallied far along to gain recognition in the asset space. ...