Steps forward into the Great Ajar-Clock Auditorium, Ray Dalio of Bridgewater Associates, and owner of one of the largest pools of gold anywhere (except maybe dwarvish armories), makes a revelation sharper than a scimitar about Bitcoin-with its ballet of digits acting as money: vulnerable thanks to its own codebase, much like a story by Ankh-Morpork City Watch on a good day.
Bridgewater Associates’ Ray Dalio on Bitcoin’s Code: A Dance of Opportunity and Danger
Ray Dalio, not just your ordinary hedge fund wizard (with a trophy cabinet as big as the Patrician’s Council Chamber), has tossed his hat into the Bitcoin ring, declaring its role as money and hinting about the charming chinks-the code vulnerabilities-that it defies being robust in that role.
On the Master Investor Podcast-a place where discussions are more heated than a dwarven tavern on a particularly honest day-Dalio mused over Bitcoin’s status as money, juxtaposed with the wobbling pedestal of the dollar and fiat favors. Its vulnerabilities? Oh, there are quite a few, despite still playing pretend as legitimate currency.
Dalio points out that while Bitcoin might cut an impressive figure as a medium of exchange, under the current spotlight, it’s really living its best life as a gloriously cluttered store of wealth. Ah, the wonderful duality of Bitcoin-sometimes money, sometimes cult statue!
“It’s limited in supply, dances effortlessly globally, you can shuffle it around,” Dalio opined, nodding appreciatively. “It’s got a few of the moves.”
However, he remained savvy to its limitations. “I wouldn’t bet my bottom button that any central bank will embrace it as a reserve currency-that’s because anyone, even governments, can spot a ruffian transacting on it. No disguises here!”
The code, he asserted with the sly grudging admiration characteristic of someone who has bitten into a fruity ZOG, was Bitcoin’s greatest weak spot. “There’s an itch of suspicion that the code might be nudged into submission by governments-or worse-a clever gremlin with a grudge.”
Such thoughts were bandied about as Dalio said: “Wonder if the code holds up, like a bad zipper? Can it be tweaked, constrained? Think smartly, find ways to make it less effective. Government inclination towards control much?”
However, it’s worth noting that in his vast arsenal of non-bank-bs making investments, Dalio claims to own both gold and Bitcoin, though he concedes that his ownership of Bitcoin is “not enough to fund a new chapter of Discworld poetry” 😅.
Read More
- Strategy and Wargaming News – 5th October 2025- Heroes of Might and Magic: Olden Era Demo, Mechanicus 2 Demo, Tempest Rising, and So Much more!
- Say Goodbye To The One Piece Manga For Now
- USD COP PREDICTION
- Violence District Killer and Survivor Tier List
- How To Complete Foundations EVO & Open Transfer Market In FC 26
- How Long is Like a Dragon: Pirate Yakuza in Hawaii
- Dying Light: The Beast Announces Release Date, Pre-Order Bonuses, and More
- Where to Start Reading My Dress-Up Darling After Season 2?
- Jujutsu Kaisen: Gege Confirms Yuji Itadori’s New Role in JJK Modulo
- Best Mage Skills in Tainted Grail: The Fall of Avalon
2025-10-04 03:27