Ray Dalio, founder of the hedge fund Bridgewater Associates, admits to his Bitcoin investment in a CoinDesk interview. Nevertheless, he does not consider a crypto exchange ban to be ruled out.
Investor legend and founder of Bridgewater Associates Ray Dalio gives the US dollar a bad testimonial. In the same breath, Dalio admits that he now has “some Bitcoin”. He sees the US dollar on the verge of a devaluation, as it last occurred in 1971. The role of China is becoming more and more important, as a result of which Dalio sees the role of the US dollar as a world reserve currency threatened.
In such an environment, Bitcoin looks increasingly attractive as an investment option, he believes. This statement has a lot of weight. Bridgewater Associates now manages $ 101.9 billion, making it the world’s largest hedge fund.
Ray Dalio does not rule out a ban on crypto exchanges in the US
Personally, in an inflation scenario, I would rather have Bitcoin than a bond
said Ray Dalio in a video interview with CoinDesk.
Nonetheless, in the same conversation, he repeated his concern that governments that fear Bitcoin’s competition with the state monetary systems could take action against the owners of crypto assets. On the other hand, according to Dalio, crypto stocks are interesting both for investors who want to benefit from volatility and for those who seek refuge from inflation.