2 years ago
Billionaire Ray Dalio, the laminitis of the world’s largest hedge fund, Bridgewater Associates, has shared his presumption connected cryptocurrency investing and the aboriginal of money. He believes that crypto volition beryllium banned by antithetic governments.
Ray Dalio connected the Future of Money and Crypto
Bridgewater Associates laminitis Ray Dalio discussed cryptocurrency regularisation and the aboriginal of wealth successful an interrogation with David Rubenstein Thursday.
Dalio presently serves arsenic the Bridgewater Associates president and cochief concern officer. His firm’s clients see endowments, governments, foundations, pensions, and sovereign wealthiness funds.
He was asked, “How bash you foresee crypto impacting the satellite order?” The Bridgewater president replied, “I deliberation it’s interesting,” disclosing that helium has “a tiny percentage” of his portfolio successful crypto.
He explained: “I wanted to diversify but it’s a precise susceptible incidental due to the fact that they tin way who is operating connected it. It tin beryllium tracked.” He added:
It’ll beryllium outlawed, astir apt by antithetic governments.
In addition, Dalio opined: “In presumption of its size, it has issues. So I deliberation excessively overmuch attraction is spent connected crypto.”
This was not the archetypal clip that the Bridgewater brag warned astir governments outlawing cryptocurrencies. In January, helium explained that the authorities outlawed golden and metallic successful the past, truthful they could likewise outlaw bitcoin. In September, helium said governments could termination bitcoin if it becomes “really successful.”
Dalio further shared with Rubenstein:
I deliberation that we are present successful an epoch wherever we are going to person antithetic types of money.
“We are going to question wealth arsenic a mean of speech but it’s besides storehold of wealth,” the billionaire noted. “And we are going to beryllium questioning what are the close storeholds of wealthiness successful value.”
He concluded: “And, you are going to spot astir the satellite … the integer mentation of that instrumentality spot successful galore forms … [and] You are going to spot different forms of that contention … successful the years ahead.”
What bash you deliberation astir Ray Dalio’s comments? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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