The post Ray Dalio Owns Bitcoin. He’s Still Nervous About Quantum Computing, Central Bank Adoption appeared on BitcoinEthereumNews.com. In brief Ray Dalio reiterated his stance on gold against Bitcoin Advances in quantum computing could hurt the digital asset, he said. The precious metal doesn’t rely on anyone or anything, he added. Bitcoin was built for an apocalyptic world, but it still has disadvantages as a store of value when compared to gold, according to Bridgewater founder Ray Dalio. Anyone with an internet connection can safeguard the digital asset on their own. But those people are still reliant on others, including a global network of machines to process transactions, the billionaire investor signaled during a Thursday interview with CNBC. This year, the precious metal’s price has jumped to record highs on fears of currency debasement, which Dalio referenced in July when urging investors to hedge against macroeconomic risks around rising government debts, in the U.S. and abroad.  At the time, Dalio expressed a preference for gold, and on Thursday, he reiterated his concerns toward the original cryptocurrency, as far as its ability to stand the test of time, or become used by central banks to facilitate international trade and stabilize economies. “I think the problem with Bitcoin is [that] it’s not going to be a reserve currency for major countries because it can be tracked, and it could be, conceivably, with quantum computing, controlled, hacked, and so on,” he said. Last week, the Czech National Bank unveiled its first investment in crypto, with $100 million spread across Bitcoin, stablecoins, and tokenized bank deposits. Officials said the “test portfolio” will help the central bank better understand how to handle digital assets. Although it may be years before quantum computers are strong enough to crack Bitcoin’s encryption, there have been growing calls for precautionary measures within the industry, as tech titans like Google and IBM tout breakthroughs. With transactions recorded… The post Ray Dalio Owns Bitcoin. He’s Still Nervous About Quantum Computing, Central Bank Adoption appeared on BitcoinEthereumNews.com. In brief Ray Dalio reiterated his stance on gold against Bitcoin Advances in quantum computing could hurt the digital asset, he said. The precious metal doesn’t rely on anyone or anything, he added. Bitcoin was built for an apocalyptic world, but it still has disadvantages as a store of value when compared to gold, according to Bridgewater founder Ray Dalio. Anyone with an internet connection can safeguard the digital asset on their own. But those people are still reliant on others, including a global network of machines to process transactions, the billionaire investor signaled during a Thursday interview with CNBC. This year, the precious metal’s price has jumped to record highs on fears of currency debasement, which Dalio referenced in July when urging investors to hedge against macroeconomic risks around rising government debts, in the U.S. and abroad.  At the time, Dalio expressed a preference for gold, and on Thursday, he reiterated his concerns toward the original cryptocurrency, as far as its ability to stand the test of time, or become used by central banks to facilitate international trade and stabilize economies. “I think the problem with Bitcoin is [that] it’s not going to be a reserve currency for major countries because it can be tracked, and it could be, conceivably, with quantum computing, controlled, hacked, and so on,” he said. Last week, the Czech National Bank unveiled its first investment in crypto, with $100 million spread across Bitcoin, stablecoins, and tokenized bank deposits. Officials said the “test portfolio” will help the central bank better understand how to handle digital assets. Although it may be years before quantum computers are strong enough to crack Bitcoin’s encryption, there have been growing calls for precautionary measures within the industry, as tech titans like Google and IBM tout breakthroughs. With transactions recorded…