Billionaire investor Ray Dalio has dismissed the idea of Bitcoin serving as a reserve currency for major countries. In a CNBC interview, Dalio highlighted Bitcoin's trackability and potential vulnerability to quantum computing as key reasons for its unsuitability for national reserves. He advocated for physical gold as a more reliable alternative due to its independence from digital networks. Dalio also expressed concerns about rising global government debt and the challenges facing private markets, including private equity and venture capital, which are grappling with liquidity and return issues. His comments come amid increasing interest in digital assets, yet he remains skeptical about their role in national financial systems.