Square reaches 1m Bitcoin-enabled merchants in U.S. rollout
Square now has roughly 1m U.S. merchants enabled for Bitcoin payments via Lightning, with sellers settled in USD by default at checkout now.
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The post Ray Dalio: Why Bitcoin Has Not Lived Up to Its Safe-Haven Reputation appeared on BitcoinEthereumNews.com. TLDR: Dalio warns Bitcoin’s publicly visible transactions make it an unsuitable reserve for central banks. Bitcoin’s high correlation with tech stocks weakens its role as a hedge during market downturns. Investors tend to sell Bitcoin first when under portfolio pressure, reducing its safe-haven appeal. Gold’s centuries-old track record and broad institutional ownership keep it ahead of Bitcoin globally. Bitcoin has yet to establish itself as a genuine safe-haven asset, according to Bridgewater founder Ray Dalio. The veteran investor pointed to the cryptocurrency’s lack of privacy and the potential for transaction monitoring. He also cited its high correlation with technology stocks during periods of market stress. Dalio argued that gold holds a more central and trusted role in the global financial system. His remarks come as debate over Bitcoin’s place in global portfolios
Read full articleSquare now has roughly 1m U.S. merchants enabled for Bitcoin payments via Lightning, with sellers settled in USD by default at checkout now.
Saylor's Bitcoin strategy could reshape corporate treasury management, potentially increasing institutional adoption and altering investment norms. The post Strategy’s Michael Saylor expects Bitcoin to appreciate 30% annually for the next two decades appeared first on Crypto Briefing.
Ray Dalio has reopened one of crypto’s longest-running macro debates, arguing that Bitcoin still has not behaved like the safe-haven asset many investors expected it to become. The Bridgewater Associates founder said gold remains structurally superior as a reserve and crisis asset, drawing immediate pushback from Michael Saylor and several Bitcoin advocates. In a May 11 post on X, Dalio said Bitcoin “gets a lot of attention” but has not fulfilled the defensive portfolio role often assigned to it by supporters. His critique focused less on Bitcoin’s long-term price performance and more on market structure, privacy, correlation and reserve-asset adoption. “While Bitcoin gets a lot of attention, it hasn’t played the safe-haven role many expected. In my view, there are a few reasons why. First, Bitcoin lacks privacy. Transactions can be monitored and potentially controlled, which is why central banks aren’t looking to hold it.” Dalio then tied that transparency issue to Bitcoin’s behavior
Schwab starts phased Bitcoin and Ethereum trading for select U.S. retail clients, with Paxos execution and a 75 bps fee.
Schwab's Bitcoin services may accelerate crypto's integration into traditional finance, influencing global regulatory and competitive dynamics. The post Charles Schwab launches Bitcoin services for 50M customers, boosting crypto adoption appeared first on Crypto Briefing.
Billionaire investor Ray Dalio has sparked debate by arguing that bitcoin has failed to establish itself as a reliable safe-haven asset compared to gold. Dalio: Bitcoin Too Small to Rival Gold In a jab likely to rankle the crypto community, Bridgewater Associates founder and billionaire Ray Dalio noted that bitcoin has struggled to fulfil its […]
The shutdown of Ord.io highlights the volatility and financial challenges within the Bitcoin Ordinals ecosystem, impacting user access and data analysis. The post Ordinals explorer Ord.io to shut down on June 1 due to financial challenges appeared first on Crypto Briefing.