Ray Dalio Says Bitcoin Unsuitable for Central Bank Reserves on 25 December 2025

On 25 December 2025, Ray Dalio said in a podcast with Nithin Kamath that Bitcoin is unlikely to be adopted as a central bank reserve asset. He cited the transparency and traceability of its public ledger, which enables governmental oversight and intervention, as core drawbacks. Dalio contrasted Bitcoin with gold, which he views as uniquely resistant to control and manipulation.