Bitcoin's potential to absorb global capital is hindered by technical limitations, according to analysts. BRITISH HODL emphasizes the need for mechanisms to facilitate direct capital transfer on the Bitcoin network to achieve its full potential. He suggests that as Bitcoin becomes more understood, capital will gravitate towards high-quality assets, mirroring trends in traditional markets. Meanwhile, Ray Dalio expresses skepticism, citing Bitcoin's privacy issues and vulnerability to code breaches as obstacles to its adoption as a national currency. Bitcoin is currently trading at $120,391.
Analysts Highlight Capital Flow as Key to Bitcoin's Global Dominance
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