Bitcoin Won’t Be an Effective Currency, Store of Value or Medium of Exchange, Says Hedge Fund Legend Ray Dalio
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In a new interview on CNBC’s Squawk Box, hedge fund veteran Ray Dalio says Bitcoin (BTC) is getting more attention than it deserves. The founder of asset management firm Bridgewater Associates says that what Bitcoin accomplished in the last 12 years is amazing, but investors still have better choices than putting their money on the benchmark cryptocurrency. “It’s a tiny thing that gets disproportionate attention. You know the value of Bitcoin is less than a third of the value of Microsoft stock. You can go into industries. Biotech and many other industries are more interesting than Bitcoin.” Dalio says that
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says it’s not possible for the price of bitcoin to reach a very high number, such as $1 million. He... [[ This is a content summary only. Visit my website for full links, other content, and more!…
While speaking on the sidelines of the World Economic Forum that ended recently in Davos, Switzerland, Ray Dalio, the billionaire founder and manager of the largest hedge fund across the globe said... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his view on cryptocurrency investing and the future of money. He believes that crypto will be... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go…