If the primary cryptocurrency’s mainstream adoption continues and the asset succeeds, regulators and governments will kill its progress, said Ray Dalio. At the same time, he believes most bigger countries, like China and India, have already started trying to do so. Speaking to CNBC on September 15th, the founder of Bridgewater admitted once again that he had allocated a certain amount of his portfolio in bitcoin. This comes even after spending years bashing cryptocurrency in the past.
Despite buying BTC, though, the 72-year-old billionaire still doubts its future success because of regulators and governments. Talking about bitcoin’s potential, he noted, “I think at the end of the day if it’s really successful, they will kill it, and they will try to kill it.”Dalio also touched upon the topic of El Salvador adopting bitcoin as a legal tender. This historic moment, though, is not enough in his eyes to confirm BTC’s status.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.