June 15, 2021

Ray Dalio: I bought Bitcoin

Ray Dalio: I bought Bitcoin

Billionaire said in an interview with Coindesk that Bitcoin performs much better as a store of value cash.

Founder of Bridgewater, a major hedge fundAssociates said the dollar is on the brink of depreciation, similar to that seen in 1971. Under these conditions, Bitcoin is becoming more and more attractive.

He said:

Personally, I find it better to buy bitcoin than a bond. I have bitcoins. There is a possibility that cryptocurrencies will be able to meet the growing demand for alternative store of value.

It is worth noting that back in November, Dalio expressed skepticism about bitcoin, saying that governments could ban it if it starts to pose a threat.

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According to the materials www.coindesk.com