Well-known Bitcoin critical hedge fund manager Ray Dalio still owns BTC

Well known Bitcoin BTC critical hedge fund manager Ray Dalio still owns BTC

The American multi-billionaire and co-chief investment officer of Bridgewater Associates, Ray Dalio, stated in an interview with CoinDesk that he owns bitcoin (BTC). The main reason for Dalio to believe in bitcoin is the fact that, according to him, the US dollar is about to lose much in value as a result of widespread inflation. Should that happen, bitcoin is an excellent way to maintain value due to the many similar properties to gold.

Dalio himself states that he would rather own bitcoin than bonds if he played out the scenario of a dollar losing value as he expected. In addition, he indicates that he currently actually owns bitcoin. He doesn’t go into details, so we don’t know how many percent his portfolio is made up of the largest cryptocurrency.

So it’s clear that Dalio has changed his mind in recent months. In November of last year, he was still quite skeptical about bitcoin and cryptocurrency in general. Once again he mentions the fact that bitcoin can be an important store of value in times when the dollar is going badly.

However, Dalio is not only praising and optimistic about bitcoin. He also talks about a major danger to bitcoin. According to him, this greatest danger is at the same time the success that bitcoin achieves. The bigger bitcoin gets, the more it will be seen as an existential threat by other parties. Think especially of governments of countries. If bitcoin continues to get bigger and more successful, countries can ignore it for longer. According to Dalio, this could have a negative effect on bitcoin.

It is clear what Ray Dalio’s opinion is. As one of the most successful hedge fund managers in the world, he validates bitcoin and everything it stands for in this interview. However, he also issues a warning. Bitcoin’s success can also pose a threat. Dalio also emphasizes once again the importance of diversification.

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