Cryptocurrency News

‘I would prefer bitcoin over bond’: billionaire investor Ray Dalio



Billionaire investor and well-known hedge fund manager, Ray Dalio, has said that he would prefer to buy BTC on bonds during a recent interview at the crypto conference consensus.

Speaking on May 6 in an interview broadcast on Monday, May 24, Bridgewater Associates co-chairman and co-CIO described bitcoin as a better tool for saving than government or corporate bonds:

“The more we make savings [Bitcoin], The more you can say, ‘I would prefer to take bitcoins instead of bonds.’ Personally, I would rather have bitcoin instead of bonds. “

Dalio said that the more savings there are in crypto, the less power governments have for the common people.

However, despite the emphasis on the benefits of investing in BTC, Dalio said that “the biggest risk of bitcoin is its success,” speculating that the recent increasing popularity and performance of crypto assets has led to widespread government action in the region Can trigger the catalyst.

“One of the greats” […] anxiety[ies] Does the government have the ability to control […] Bitcoin, or digital currencies, “he said,” they know where they are, and they know what’s going on. “

Billionaire hedge fund manager admits to holding bitcoin again in March Predicting that the US might try to ban it. Dalio noted that the United States attempted to prohibit American citizens from owning or trading gold in the 1930s as it was considered a competitive threat to Treasury bonds.

In January, Dalio wrote amid warnings of increasing regulatory pressure targeting digital assets amid the crypto’s impressive bull run: “I suspect that Bitcoin’s biggest risk is succeeding because if it succeeds, The government will try to kill it and they have a lot of power to succeed. “