Bridgewater Associates Founder Ray Dalio Announced The Acquisition Of Bitcoin.
According To Dalio, The Depreciation Of The Dollar Is Leading To The Formation Of Favorable Conditions For The Cryptocurrency. Discussing The Inflationary Scenario, He Stated In An Interview With Coindesk : “personally, I Would Prefer Bitcoin Over Bonds. I Have Some Investment In Bitcoin.
Over The Past Years, Dalio Has Made Various Comments About Bitcoin. So, Back In November 2020, He Announced That The Authorities Would Strangle The Cryptocurrency Before It Had Time To Reveal Its Potential. In December, He Admitted That Bitcoin Could Be Used To Diversify Portfolios.
“bitcoin Can Be Used To Diversify Gold And Other Similar Store Of Value,” He Said. – The Main Thing Is To Have Some Types Of These Assets In The Portfolio Along With Stocks And To Diversify Among Them. Not Everyone Does It. “
In January, Dalio Wrote That Bitcoin “Will Not Escape The Attention” Of Bridgewater Associates. A Month Later, The Company Said The Digital Asset Was Still Too Volatile To “Be Seen As A Store Of Value, A Diversifier.”
In A Recent Interview, Dalio Confirmed That He Still Sees His Own Success As The Biggest Threat To Bitcoin, As The Authorities Will Not Just Put Up With The Loss Of Control Over The Monetary System.
