Billionaire investor Ray Dalio expressed his views on Monday on why Bitcoin (CRYPTO: BTC) has not fulfilled its anticipated role as a safe-haven asset.

Transparency A Bane For BTC?

Dalio pointed back to the arguments he made during the All-in podcast dated March 3.

“First, Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren’t looking to hold it,” said the founder of Bridgewater Associates.

As expected, the view drew rebuttals from Bitcoin advocates.

Veteran trader Oliver L. Velez argued Bitcoin’s lack of privacy is not its weakness, but rather its great strength, providing an excellent alternative to the “opacity” of…

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