Bitcoin (BTC) The crypto money industry, shaken by the decline in its price, draws more attention than necessary, according to a famous name.
Billionaire investor, one of America’s richest names Ray Dalio, David Rubenstein He made remarkable statements in his interview with
Dalio stated that the crypto money industry has received “too much” attention, and this is negative.
Dalio: Cryptocurrencies Are Getting A Lot Of Attention
In the continuation of his statements, Dalio admitted that a very “tiny” part of his portfolio is in the crypto money sector.
Dalio, who stated that he made such an investment even though the global financial sector was upside down, actually made a similar point with the IMF’s warning.
IMF He also stated that assets such as Bitcoin are seen as a store of value, but that this is in direct correlation with the US stock markets and warned.
Looking at the recent drop in Bitcoin price Nasdaq and S&P500It can be seen that this has accelerated with the sharp decline experienced by . In the face of the possibility of the Federal Reserve to increase interest rates, stock markets and the crypto money sector, as can be expected, were also turned upside down.
Dalio, the founder of Bridgewater Associates, also stated that other assets will take action against a possible interest rate increase, just like cryptocurrencies, and stated that he expects a change.
Dalio, who was a serious Bitcoin and crypto money critic before, stated that he bought BTC last May. However, the fact that cryptocurrencies attract too much attention may soon result in them being “banned” by the government, according to Dalio.