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Ray Dalio Predicts Privacy Loss From CBDCs
Clear Facts
- Billionaire Ray Dalio told Tucker Carlson he expects Central Bank Digital Currencies to be adopted, raising major privacy concerns.
- Dalio warned that CBDCs could allow government control of individuals’ finances, making every transaction traceable.
- President Trump issued an executive order in 2025 barring federal agencies from creating or using CBDCs, citing threats to privacy and sovereignty.
On a recent episode of “The Tucker Carlson Show,” Ray Dalio shared concerns about the possible adoption of Central Bank Digital Currencies in the United States.
Dalio argued that CBDCs could eliminate privacy and allow government monitoring of all digital transactions.
“There’s a great deal of appeal because of the fact that it’s easy and so on … I think it’ll be done … but what happens in the digital currency — of course it’s easy to transact and so on — and it’ll be like money market funds, I think … If they’re not able to offer interest — there will be a debate,” Dalio said.
“Probably they won’t be, but then they’re not an effective vehicle to hold it in because you’ll have the depreciation. You’d rather hold it in a money market fund or a bond. But that’s debate.”
Dalio explained that CBDCs could give government the means to tax, seize, or control money flow and impose foreign exchange controls.
“There will be no privacy, and it’s a very effective controlling mechanism by the government. What I mean is, all the transactions will be known,” he said.
“All transactions done with digital currencies will be known, which is good for illegal activities, getting control of illegal activities, but it also means that the government has a great deal of control.”
“For example, they can tax that way. They can take your money. They can establish foreign exchange controls and the like,” Dalio added.
He noted these powers could especially impact international holders if governments sought to impose sanctions.
During the discussion, Tucker Carlson mentioned the risk of government targeting individuals for political reasons by disabling access to CBDCs, and Dalio concurred.
“So those kinds of issues enter into it. For those reasons … I don’t think that you’re going to see the development of central bank digital currencies to be of a magnitude that it’s going to be that big of a deal,” Dalio said.
Meanwhile, President Trump signed an executive order in January 2025 preventing federal agencies from establishing or circulating CBDCs, highlighting the risk to privacy and national sovereignty.
Trump also nominated former Federal Reserve Governor Kevin Warsh to replace Jerome Powell.
If you value privacy and American sovereignty, pay close attention to this evolving issue and what leaders in Washington are deciding for the future of your money.
Let us know what you think, please share your thoughts in the comments below.
