Particle.news
Download on the App Store

Ray Dalio Warns CBDCs Would End Financial Privacy and Enable Government Control

U.S. officials signal no digital‑dollar plan despite dozens of countries running central bank pilots.

Overview

  • In a widely viewed Tucker Carlson interview, the Bridgewater founder said central bank digital currencies would make every transaction visible to authorities, erasing financial privacy.
  • He warned programmability could let governments levy taxes directly, freeze or seize funds, enforce sanctions and foreign‑exchange controls, and cut off politically disfavored users.
  • Dalio expects implementations but doubts CBDCs will be attractive savings vehicles, noting they likely would not pay interest and could lose out to money‑market funds or bonds.
  • His remarks arrive as more than 130 jurisdictions study CBDCs, with 72 in advanced phases and launches in the Bahamas, Jamaica, and Nigeria, even as the United States maintains a holdout posture under a 2025 executive order and recent Treasury statements.
  • Privacy‑focused crypto advocates moved to capitalize on the moment, with a former Trump adviser promoting Zcash and industry voices highlighting privacy‑preserving technologies as alternatives.