Ray Dalio buys Bitcoins despite allowing governments to ban cryptocurrencies

Ray Dalio, founder of Bridgewater Associates, announced that he owns Bitcoin despite long-standing concerns that governments are blocking or even banning cryptocurrencies. "Bitcoin's biggest risk is its success," said the boss of the world's largest hedge fund. Ray Dalio Bought Bitcoin Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, announced that he owns bitcoin. In an interview at the Consensus 2021 conference that was recorded on May 6 but released Monday, he said I have Bitcoin. Dalio is co-founder and chief investment officer of Bridgewater Associates, whose clients include donations, governments, foundations, pensions, and government wealth funds. Stressing that Bitcoin is still small and does not pose a threat to governments, if it succeeds, “I think one of the big things is the fear that the government has the capacity to control Bitcoin or digital currencies. They know where they are and they know what is happening. “ The more savings we create in [bitcoin], the more you can say 'I prefer bitcoin over connection' … and the more it turns into bitcoin and doesn't disappear. credit, then [governments] lose control of it. Dalio also said, “Personally, I prefer bitcoin to tether. Bridgewater Associates' boss says, “When it comes to the biggest risk he has seen with Bitcoin,” I think bitcoin's biggest risk is its success. Dalio has come a long way when it comes to bitcoin and cryptocurrency. In November last year, he admitted that he could be wrong about Bitcoin and wanted to learn more about the cryptocurrency. By December, he had learned enough to say he saw BTC as a gold alternative. He said in January that Bitcoin was "a great breakthrough". But during all this, he warned that the government could limit Bitcoin investments, for example, by imposing “ shocking '' taxes. He thinks there is a "good chance" for governments to disappear.

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