TechFlow news — Bridgewater Associates co-chairman Ray Dalio said in an interview with Yahoo Finance that while bitcoin could theoretically be used as currency, its greater volatility makes it less effective for stable wealth storage, and due to limited adoption, it may not become as successful as some hope. Ray Dalio predicted the world will shift toward central bank digital currencies, which could crowd out cryptocurrencies like bitcoin. Additionally, he believes gold will serve as the tool used by central banks and nations to replace cash, whereas bitcoin will not replace gold.
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