Billionaire investor Ray Dalio, founder of Bridgewater Associates, reiterated his cautious stance on Bitcoin this week, revealing that he holds only a small fraction of the cryptocurrency in his portfolio. 

Speaking on CNBC’s Squawk Box, Dalio said, “I have a small percentage of Bitcoin… I’ve had it forever, like 1% of my portfolios,” underscoring his committed and limited exposure to the asset.

Dalio, long known for his macroeconomic insights and somewhat dubious Bitcoin takes, emphasized that Bitcoin faces structural challenges that hinder its adoption as a global reserve currency. 

He pointed to Bitcoin’s transparency and traceability as major constraints,…

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