'Bitcoin transactions can be monitored’: Ray Dalio explains why central banks won’t touch BTC

BTC

BTC/USDT

$79,749.71

-0.32%

$79,749.71

-0.32%

(24s)

24h Volume

$7,296,904,258.79

24h H/L

$80,107.99 / $79,233.00

Change: $874.99 (1.10%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,734.62

▼ -0.12%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,779.60

Price$79,734.62

Support 1$79,635.96

Support 2$77,303.91

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.4

CoinDesk Staff

(05:43 AM UTC)

1 min read

Reviewed bySarah Chen

0 comments

Ray Dalio joins the privacy debate, saying Bitcoin’s full transparency makes it less likely to be adopted by central banks.

Bitcoin's BTC$81,235.71 transparency was once considered one of its greatest strengths. Now, Ray Dalio says, it may be the very reason central banks won't adopt it as a reserve asset, even though corporations and institutional investors have embraced it.

The billionaire hedge…