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Ray Dalio "Holds 1% Bitcoin in Portfolio" – Threat of Quantum Computing and Possibility of Prepared Currency
Source: BlockMedia Original Title: Ray Dalio “Holding 1% Bitcoin in Portfolio” – Hard to Become a Reserve Currency Original Link:
Ray Dalio's Bitcoin Portfolio Reveal
Ray Dalio, co-founder of the investment firm Bridgewater Associates, stated that Bitcoin currently accounts for about 1% of his portfolio.
He predicted that Bitcoin could be hacked by quantum computing in the future. Dario explained that Bitcoin cannot become a reserve currency for major countries in the future, as it can be traced in addition to the quantum threat.
However, Dalio has also shown a favorable view by recommending investors allocate up to 15% in Bitcoin and gold to prepare for a decline in currency value.
Expert Opinions on the Possibility of Quantum Computer Hacking
The blockchain analysis company Chainalysis predicts that Bitcoin's security could be breached within 5 to 10 years, stating that while there is no immediate threat, action needs to be taken now.
Solana co-founder Anatoly Yakovenko also stated that Bitcoin needs to transition to a quantum-resistant signature scheme by around 2030 for safety. However, this is controversial because it requires a hard fork(Hard Fork).
Meanwhile, Adam Back, the CEO of Blockstream who developed the Bitcoin cryptosystem, evaluates the threat of quantum computing as not serious and dismisses concerns about it.