““I think if it really succeeds, they’ll kill it in the end. And they’ll try to kill it. And I think they’ll kill it because they have a way to kill it. But that doesn’t mean it has no place – value and so on. on. ‘“
Ray Dalio, a billionaire investor and founder of Bridgewater Associates, the world’s largest hedge fund, said that the more successful Bitcoin becomes, the more likely it is that governments and regulators will neutralize traditional monetary systems.
In an interview with CNBC on Wednesday, Dalio reiterated his earlier comments, times that governments have the power to overcome the growth of the emerging cryptocurrency market, including bitcoin
In the Ethereum blockchain, which could pose a threat to conventional finances and global central banks.
Dalio said bitcoin may not have “intrinsic value”, but said it could still be useful in a diversified portfolio. The hedge fund manager said it thought it was worth considering all cash alternatives and some financial asset alternatives.
“I’m not an expert on that … I think diversification is important,” he said. “Bitcoin has its advantages,” he said.
“The real question is how much [does an investor] have gold compared to how much bitcoine you have, ”he said.
Dalio, for his part, explained that he has “a certain amount of money in bitcoins … that’s a small percentage of what I have in gold, which is a small percentage of what’s in my other assets.”
Dalio’s comments come as traditional markets struggle with growth, along with the Dow Jones industry average
S&P 500 index
and Nasdaq Composite
aimed at breaking the recent downward trend in trading.
Dalio, a prominent figure in the financial world, has a net worth of $ 20 billion, According to Forbes.
Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, has previously said he is “very bullish” on cryptocurrency as a digital settlement mechanism, perhaps referring to decentralized finance or DeFi.