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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 billionaire investor Ray Dalio has expressed concerns that the U.S. economy is in a dire fiscal situation. His comments come after the U.S. Senate passed a bill to keep spending until the next 45 days to avoid a shutdown. The national debt of the U.S. economy touched a record high of $33 trillion for the first time. The U.S. debt rose by $1.2 billion every hour in the last three weeks. The debt rose by nearly half a trillion dollars in 19 days reaching an unprecedented high of $33.521 trillion. Also Read: US Military Stocks Experience a $100 Billion Wipe Out in 2023 There has been a 50% rise in federal expenditures between 2019 and 2021, according to data from the U.S. Treasury Department. The development sets dangerous trends for the US economy and hamper its growth in the coming years. Ray Dalio Predicts What Could Happen to the U.S. Economy Next Source: Inc.Magazine Billionaire Ray Dalio predicted that the US economy will enter a debt crisis soon which could spiral o...