Famous Billionaire Ray Dalio Talked About Bitcoin! “He Doesn’t Get the Attention He Deserves!”

Founder of Bridgewater Associates, one of the world’s largest hedge funds Ray Dalio Joined CBCN’s Squawk Box today.

Here bitcoin and speaking about cryptocurrencies, Ray Dalio, the leader cryptocurrency BTCHe argued that ‘ had nothing to do with anything and received disproportionate attention.

“Bitcoin has nothing to do with anything. BTC is a tiny thing that draws disproportionate attention.

When we look at it, the value of Bitcoin is less than 1/3 of Microsoft stock.

In this context, Bitcoin is not an effective store of wealth. But we must not forget that we live in a world where money as we know it is at stake.”

“#Bitcoin has no relation to anything. It’s a tiny thing that gets disproportionate attention,” says @RayDalio front #crypto. “The value of $BTC is less than 1/3 of $MSFT stock. It’s not an effective store of wealth. But we are in a world where money as we know it is in jeopardy.” pic.twitter.com/Cc7o2TwkxG

— Squawk Box (@SquawkCNBC) February 2, 2023

“BTC Achieved Incredible Success in 12 Years!”

Ray Dalio, who thinks that Bitcoin cannot be an effective exchange tool or a store of wealth as it is. BTCHe added that the development of ‘s over the years cannot be ignored.

Ray Dalio described Bitcoin’s achievements over the past 12 years as incredible.

The American investor, who argues that countries’ monetary policies put money at risk, believes that we need a currency that is protected from inflation.

Thinking that stablecoins will not work in this regard, Dalio said:

“I think what works at this point is going to be an inflation-related currency.
There must be something that will provide purchasing power.

You will probably see the development of coins that will become as attractive as current coins.

I don’t think Bitcoin is like that. Because the high volatility in Bitcoin is something that prevents the protection of purchasing power.”

The famous billionaire, who described cash as garbage in his previous statements, believes that cash is now relatively attractive as of the economic point we have come to.

for the first time in 2021 bitcoin Announcing his acquisition, Ray Dalio stated that BTC only constitutes a small part of his portfolio.

*Not investment advice.