Ray Dalio says Bitcoin's transparency deters central banks from adopting it as a reserve asset.

Ray Dalio highlighted that Bitcoin's fully transparent transaction ledger makes it unattractive for central banks, as transactions can be monitored and controlled. Despite institutional interest, Bitcoin's lack of privacy and its high correlation with tech stocks limit its appeal as a reserve asset compared to gold. Dalio also noted Bitcoin's relatively small market size and susceptibility to market influences weaken its case as a global reserve. He continues to favor gold, which is more established and widely held globally.