Billionaire Ray Dalio, the creator of the world’s biggest hedge fund, Bridgewater Associates, has actually repeated his caution that federal governments might forbid bitcoin. “In history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw bitcoin,” he worried.
Ray Dalio Continues to Warn About Governments Outlawing Cryptocurrency
Bridgewater Associates creator Ray Dalio spoke about bitcoin as he repeated his caution that federal governments might forbid the cryptocurrency on the Investor’s Podcast Network, releasedSaturday Dalio presently functions as Bridgewater Associates’ chairman and co-chief financial investment officer. His company’s customers consist of endowments, federal governments, structures, pensions, and sovereign wealth funds.
Dalio alerted that “there are regulatory issues” surrounding bitcoin. “When you have an alternative currency, that’s a threat to every government,” he elaborated. “Every government wants a monopoly in their own currency and particularly if you get a better currency because it doesn’t get devalued.” Dalio included:
In history, they’ve banned gold and they’ve banned silver and so on, and they might forbid bitcoin.
Nonetheless, Dalio confessed that he has a percentage of bitcoin in his portfolio for