Billionaire and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, Ray Dalio said his views on bitcoin have changed, albeit slightly.
Dalio, a former crypto opponent, in his portfolio a small amount of bitcoin He also said that he appreciates the way the main cryptocurrency bitcoin has come from past to present. Emphasizing that these developments are a great success for bitcoin, the billionaire said in an interview with MarketWatch recently, “gaining credibility” for now believes in blockchain technology told.
Talking about investment portfolios, Dalio said:
When starting to build a portfolio, assets that can protect the portfolio even in the worst-case scenario should be selected and the portfolio should be diversified. Bitcoin, which a young generation sees as an alternative to gold, has a precedent value even though it has no real value. That’s why it has some value.
made statements.
Dalio also does not believe that Central Banks and major financial institutions will hold a significant amount of bitcoin in their portfolios. Earlier, regulators had to shut down bitcoin if it succeeded. “will block” and he said they have methods for that.
Although he has moved away from his negative ideas about the crypto money sector, Dalio, who still thinks that gold is a superior asset, said in a speech he made in early 2021. “If someone had put a gun to my head and asked me to make a choice, I would have chosen gold over bitcoin” he said.