Billionaire Ray Dalio Sees Limitation on Bitcoin’s Price, Doubts BTC Can Reac...
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says it’s not possible for the price of bitcoin to reach a very high number, such as $1 million. He explained: “Logically … there’s a limitation on its price in relationship to other things like it.” Ray Dalio on Where the Price of Bitcoin Is Heading Bridgewater Associates founder Ray Dalio shared his view on how high he thinks the price of bitcoin could reach in an interview with Lex Fridman, published Saturday. Dalio currently serves as....
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Dalio sees gold as a hedge against inflation but also has a bit of BTC in his portfolio. Hedge fund manager Ray Dalio says he’s still bullish on Bitcoin but has a greater penchant for gold.Speaking to CNBC on August 4, the billionaire investor admitted to owning a “very small amount” of Bitcoin but said that he would choose gold if he had to make the choice between the two.“If you put a gun to my head, and you said, ‘I can only have one. I would choose gold.”But he added that he sees Bitcoin as digital gold and that i remains an important way to diversify. “There are certain assets that....
Billionaire and legendary founder of Bridgewater Associates Ray Dalio finally revealed that he owns some Bitcoin. During CoinDesk‘s Consensus conference, Dalio spoke about the current economic outlook, inflation, and Bitcoin’s potential. The fund manager believes there are two types of inflations, one based on supply and demand in a low production environment. The other is […]
Billionaire hedge fund manager Ray Dalio, a long-time bitcoin skeptic, is warming up to the cryptocurrency. The founder of Bridgewater Associates, the world’s largest hedge fund, now says that bitcoin “could serve as a diversifier to gold and other such storehold of wealth assets.” Bridgewater’s Ray Dalio Sees Bitcoin’s Role in Investment Portfolios Bridgewater Associates founder Ray Dalio, who has long been skeptical about bitcoin, now says that the cryptocurrency has a place in investment portfolios. In a Reddit AMA on Tuesday, Dalio clarified his view about....
The founder of the world’s largest hedge fund, Bridgewater Associates, is still concerned that governments could outlaw cryptocurrencies. Nonetheless, he sees bitcoin as digital gold and owns some for diversification. Ray Dalio Worried About Government Outlawing Cryptocurrencies Bridgewater Associates founder Ray Dalio is still concerned that governments may outlaw cryptocurrency. Dalio now serves as the firm’s chairman and co-chief investment officer. Bridgewater Associates’ clients include endowments, governments, foundations, pensions, and sovereign wealth funds. Dalio....
Billionaire investor and Bridgewater Associates founder Ray Dalio have reiterated his position on Bitcoin. For a while, Dalio was a BTC skeptic but eventually warmed up to the cryptocurrency due to its characteristics and the current inflationary macro-economic outlook. In an interview with CNBC’s Squawk Box, Dalio talked about portfolio diversification and warned investors about […]