Interesting highlights from Ray Dalio's take on Bitcoin. h…

2. Since the way Bitcoin works is fixed, it won’t be able to evolve and I presume that a better alternative will be invented and pass it by. I see that as a risk. For those reasons the “limited supply” argument isn’t as true as it might appear.

3. While I recognize that Bitcoin can be held offline via “cold storage,” I understand it is difficult to do and few people do. By Bitcoin being digital and connected, it is not protected against cyber risks.
*This risk comes from off chain scaling, imo*

4. it is hard for me to imagine that they would allow Bitcoin (or gold) to be an obviously better choice than the money and credit that they are producing.

5. 'Volatility is a problem, therefore it's only speculation'
*BTC wants volatility, BSV does not*

6. While greater regulation might help Bitcoin gain broader institutional acceptance, it could also trigger selling by some of its largest existing owners who prioritize a lack of public oversight around the asset.

7. For instance, Bitcoin has significantly outperformed Bitcoin Cash, Litecoin, and Monero—other major cryptocurrencies with similar technical features to Bitcoin in terms of having a fixed total supply and an emphasis on ideas of “sound money.”

8. With just over a decade in existence, there is not enough evidence to credibly conclude that Bitcoin, like gold, will reliably offer portfolio diversification in the future.

9. Bitcoin is a bearer asset (i.e., ownership is determined by possession of a private key alone), raising safeguarding and insurance considerations for institutional asset managers.

Overall, I think he understands things pretty well. BSV can satisfy his requirements easier than BTC, and he sees the value in non-BTC assets. He only views it as a financial instrument, he doesn't know how useful the tx's are. What do you think?