Billionaire Ray Dalio Insists Governments Could Outlaw Bitcoin– Regulation Bitcoin News


Billionaire Ray Dalio, the creator of the world’s biggest hedge fund, Bridgewater Associates, has actually restated his caution that federal governments might disallow 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 restated his caution that federal governments might disallow the cryptocurrency on the Investor’s Podcast Network, releasedSaturday Dalio presently acts 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 disallowed gold and they’ve disallowed silver and so on, and they might disallow bitcoin.

Nonetheless, Dalio confessed that he has a percentage of bitcoin in his portfolio for


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