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Ray Dalio buys bitcoin, despite saying that governments may ban cryptocurrencies – especially bitcoin news

Bridgewater Associates founder Ray Dalio has revealed that he is the owner of bitcoin, even though he has long voiced concerns about the interference of governments and even outlawing cryptocurrencies. The boss of the world’s largest hedge fund said, “The biggest risk of bitcoin is its success.”

Ray dalio got bitcoin

Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, has revealed that he owns bitcoin. In an interview at the consensus 2021 conference, which was recorded on May 6 but released on Monday, he said:

I have some bitcoins.

Dalio is the co-founder and chief investment officer of Bridgewater Associates, whose clients include endowments, governments, foundations, pensions and sovereign wealth funds.

Stressing that bitcoin is still small and not a threat to governments, he said that if it succeeds, “a big thing, I think, is the ability to control government as a concern” Is … bitcoin, or digital currencies. They know where they are, and they know what’s going on. “

He continued: “The more we save [bitcoin], The more you can say, ‘I will have bitcoin instead of bonds’ … and then the more it goes into bitcoin and it doesn’t go into credit, then [governments] Lose control over that. “Dalio also said,” Personally, I should have bitcoins instead of bonds. “

The boss of Bridgewater Associates said that he faces bitcoin for the biggest risk:

I think the biggest risk of bitcoin is its success.

Dalio has come a long way in terms of bitcoin and cryptocurrency. In November last year, he admitted that he Could be wrong Wanted to know more about bitcoin and about cryptocurrency. By December, he had learned enough to say that he saw B T c In form of Sleep option. In january he said Bitcoin was “one hell of an invention”.

However, during all this, he Warn That the government could restrict bitcoin investment, such as by imposing a “shocking” tax. He Believes that There is a “good possibility” that governments will declare bitcoin illegal and the success of bitcoin will lead to strict regulation.

What do you think about Ray Dalio buying bitcoins while warning about a government ban? Let us know in the comments section below.

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