Ray Dalio Buys BTC Despite Saw Governments May Ban Cryptocurrencies

May 25, 2021 at 06:56 Update Date :May 25, 2021 at 06:56 UTC

Bridgewater Connections creator Ray Dalio has exposed that he possesses BTC despite anxieties he has long voiced about governments nosy and even outlawing cryptocurrencies. The boss of the world’s main hedge fund said “bitcoin’s utmost risk is its success.”

Ray Dalio Got BTC
Ray Dalio, the creator of the world’s main hedge fund, Bridgewater Associates, has exposed that he possesses BTC. In an interview at the Consensus 2021 conference, which was logged on May 6 but unconfined Monday, he said:
I have some BTC.
Co-founder and chief investment officer of Bridgewater Associates Dalio, whose clients include governments, foundations, endowments, pensions, and sovereign wealth funds.
Highlighting that BTC is still small and not a threat to governments, he renowned that if it prospers, “one of the great things, I think, as a concern is the government having the volume to control BTC, or digital currencies. They know where they are, and they know what is going on.”
He sustained: “The more we create savings in BTC, the more you strength say, ‘I’d rather have BTC than the bond’ … And then the more that occurs, then it goes into bitcoin and it doesn’t go into praise, then governments drop control of that.” Dalio also said, “For myself, I’d rather have bitcoin than a bond.”
As for the utmost risk he understands bitcoin facing, the Bridgewater Connections boss said:
I think bitcoin’s utmost risk is its achievement.
Dalio has come a long method on BTC and cryptocurrency. In Nov. previous year, he admitted that he might be wrong about BTC and wanted to learn more about the cryptocurrency. By Dec. he had learned sufficient to say that he saw BTC as a gold other. In Jan. he held bitcoin was “one hell of a creation.”
Though, throughout it all, he advised that the government could limit bitcoin investments, such as by impressive “shocking” taxes. He trusts that there is a “good probability” that governments will outlaw BTC and that bitcoin’s achievement would bring about tough regulation.

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