Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Ray Dalio "Holds 1% Bitcoin in Portfolio" – Threat of Quantum Computing and Possibility of Prepared Currency

image

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.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)