Billionaire Ray Dalio Alerts on Privacy Risks of CBDCs

Ray Dalio cautions that Central Bank Digital Currencies will threaten financial privacy, granting governments excessive control over funds and taxation.

Ray Dalio, the renowned hedge fund manager, has issued a stark warning regarding Central Bank Digital Currencies (CBDCs). He believes that the advent of CBDCs will significantly undermine financial privacy, allowing governments to wield greater power over citizens' finances.

Dalio argues that with the implementation of CBDCs, authorities will have the capability to tax individuals more effectively, seize assets, and even restrict access to funds for dissenting political voices. This potential for increased governmental oversight raises serious concerns about the future of financial freedom.