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Dalio: Bitcoin Lacks Privacy, Acts Like Tech Stock
Description
Ray Dalio, a Bitcoin investor, argues that Bitcoin wont be adopted by central banks due to its transparent nature. Unlike cash or gold, Bitcoins public ledger allows real-time tracking of transactions, making it difficult to maintain privacy. Institutions and big players share this concern, leading to a surge in privacy coins like Zcash. Dalio also points out that Bitcoins high correlation with the Nasdaq and smaller market size make it less stable than gold.
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