Tech · CoinDesk
Anyone can open a Bitcoin block explorer, enter a wallet address into the search bar
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
★ Tier-1 Source
In other words, the flow of BTC, the blockchain's native token, is highly transparent and traceable, even if it is not always directly tied to real-world identities.
Key facts
- As of writing, the 90-day correlation coefficient between bitcoin and the Nasdaq, Wall Street's tech-heavy index, was 0.89, according to data source TradingView
- That translates into an R² of 0.79, meaning roughly 79% of bitcoin's price movements can be explained by its relationship with the Nasdaq over the 90 days
- For instance, the privacy-focused coin zcash (ZEC) has surged over 800% since early 2025
- Ray Dalio has previously said he allocates about 1% of his portfolio to bitcoin
Summary
Ray Dalio joins the privacy debate, saying Bitcoin’s full transparency makes it less likely to be adopted by central banks. He added that bitcoin’s correlation with tech stocks and relatively small market size put it at a disadvantage compared with gold as a reserve hedge. Bitcoin's BTC $ 81,002.49 transparency was once considered one of its greatest strengths. The billionaire hedge fund manager, who is also a bitcoin investor, said on X that, "Bitcoin lacks privacy. Ray Dalio has previously said he allocates about 1% of his portfolio to bitcoin.