‘I’d rather Bitcoin over bonds’: Billionaire investor Ray Dalio
At the 2019 WEF in Davos, Ray Dalio, founder of the world’s largest hedge fund, said he believes Bitcoin has been the best-performing currency over the past decade. Dalio, who predicted the 2008 financial crisis, said he believes cryptocurrencies will be attractive to buy now, as they are “the best asset class” for the next 10 years.
With the cryptocurrency market on the rise, it is no surprise that some of the world’s wealthiest investors are getting involved. Earlier this week, billionaire investor Ray Dalio says that he is a fan of Bitcoin and other cryptocurrencies. That said, Dalio says that he isn’t yet ready to bet the farm on cryptocurrencies just yet, but as the market takes off, Dalio says that he will put more of his portfolio into Bitcoin.
New York City-born Ray Dalio is an American Hedge Fund manager and founder of the investment firm Bridgewater Associates. He is a well-known billionaire. The net worth of Ray Dalio is $17.4 billion. He earned his net worth investing in the stock market and successful hedge fund investment strategies.. Read more about is bitcoin safe and let us know what you think.
Billionaire and prominent hedge fund manager Ray Dalio said in a recent interview at the Consensus cryptocurrency conference that he would rather buy BTC than bonds. In an interview on May 6, which was conducted on Monday 24. May aired, the co-chairman and co-manager of Bridgewater Associates, describes bitcoin as a better savings vehicle than government or corporate bonds: The more savings you create in [bitcoin], the more you can say: I’d rather have bitcoins than bonds. Personally, I prefer bitcoins to bonds. Dalio added that the more savings are invested in cryptocurrencies, the less power governments will have over ordinary people’s capital. While highlighting the benefits of investing in BTC, Dalio noted that Bitcoin’s biggest risk is its success, suggesting that the recent surge in popularity and performance of crypto assets could serve as a catalyst for a massive government crackdown on the sector. One of the biggest … challenges is the ability of government to control … bitcoin or digital currencies, he said, adding: They know where they are, and they know what’s going on. The billionaire hedge fund manager admitted to owning bitcoin in March after again predicting that the US would try to ban it. Dalio noted that in the 1930s, the United States tried to ban American citizens from owning or trading gold because it was considered a competitor to government bonds. In January, Dalio warned of increasing regulatory pressure on digital assets in light of the dramatic growth of cryptocurrencies and wrote: I think the biggest risk is that bitcoin will succeed, because if it does, the government will try to kill it, and it has a lot of power to succeed.The chairman of the world’s biggest hedge fund has said that he would rather own Bitcoin than U.S. Treasury bonds. Ray Dalio, the founder of Bridgewater Associates, said that the “fixed supply” of Bitcoin makes it a desirable long-term investment, and that it’s “one of the best” currencies out there. Dalio said that he was “worried a bit” about the currency’s rapid growth, but that “Bitcoin is a store of value, similar to gold,” and that it could be “transformative.” Dalio said that “Bitcoin can be one of the potential major monies of the future.”. Read more about bit coin price and let us know what you think.
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