Fun

Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto

News Feed - 2022-02-06 12:02:17

Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto


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 banned by different governments. Ray Dalio on the Future of Money and Crypto


Bridgewater Associates founder Ray Dalio discussed cryptocurrency regulation and the future of money in an interview with David Rubenstein Thursday.


Dalio currently serves as the Bridgewater Associates chairman and cochief investment officer. His firm’s clients include endowments, governments, foundations, pensions, and sovereign wealth funds.


He was asked, “How do you foresee crypto impacting the world order?” The Bridgewater chairman replied, “I think it’s interesting,” disclosing that he has “a tiny percentage” of his portfolio in crypto.


He explained: “I wanted to diversify but it’s a very vulnerable incident because they can track who is operating on it. It can be tracked.” He added: It’ll be outlawed, probably by different governments.


In addition, Dalio opined: “In terms of its size, it has issues. So I think too much attention is spent on crypto.”


This was not the first time that the Bridgewater boss warned about governments outlawing cryptocurrencies. In January, he explained that the government outlawed gold and silver in the past, so they could similarly outlaw bitcoin. In September, he said governments could kill bitcoin if it becomes “really successful.”


Dalio further shared with Rubenstein: I think that we are now in an era where we are going to have different types of money.


“We are going to question money as a medium of exchange but it’s also storehold of wealth,” the billionaire noted. “And we are going to be questioning what are the right storeholds of wealth in value.”


He concluded: “And, you are going to see around the world … the digital version of that take place in many forms … [and] You are going to see other forms of that competition … in the years ahead.” Tags in this story bridgewater associates, Ray Dalio, Ray Dalio bitcoin, Ray Dalio crypto, Ray Dalio cryptocurrency


What do you think about Ray Dalio’s comments? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Rich Dad Poor Dad"s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin FEATURED | 7 hours ago US Lawmaker: Crypto Assets Are Here to Say, Diversified Portfolios Should Have Crypto Exposure FEATURED | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleRich Dad Poor Dad’s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin Next articleReport: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItReport: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners "Was Pointless"


In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners now say the move was pointless, and ... read more.Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils Russians Aware of Bitcoin Divided on Proposed Crypto Ban, Poll Finds Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests Crypto Ban in Russia Can Have Opposite Effect, Medvedev Warns as Opposition Mounts Against Proposal

News Feed

Dogecoin Forms A Daily Bullish Pattern – Analyst Expects A Breakout To $0.43
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria
Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s teleco
IP infringement rife in NFTs, but new laws not needed: US gov report
Martin Young4 hours agoIP infringement rife in NFTs, but new laws not needed: US gov reportThe U.S. Patent and Trademark Office and Copyright Office jointly concluded that existing IP laws cover emerging technologies suc
Ethereum Attempts Key Breakout: Analysts Set Next Target As ETH Reclaims $3,200
Este artículo también está disponible en español. Ethereum (ETH) price is finally moving after a week of sideways movement. In the last hour, the second-largest crypto ha
Polymarket monthly volume hits $100M as presidential race heats up
Brayden Lindrea7 hours agoPolymarket monthly volume hits $100M as presidential race heats upOver $200 million worth of bets have been placed on who will win the United States presidential election in November.4913 Total
Anthropic partners with Menlo for $100M fund investing in AI startups
Tom Mitchelhill4 hours agoAnthropic partners with Menlo for $100M fund investing in AI startupsAnthropic and Menlo Ventures have launched the “Anthology Fund” to back innovative early-stage AI companies.516 Total vie
Gareth Jenkinson12 hours agoExclusive: Hackers selling discounted tokens linked to CoinEx, Stake hacksBlockchain analytics firm Match Systems has contacted an individual who is believed to be selling tokens linked to the
Diamond hands: Mt. Gox creditors hodl Bitcoin despite 10-year wait
Francisco Rodrigues10 hours agoDiamond hands: Mt. Gox creditors hodl Bitcoin despite 10-year waitMt. Gox creditors defy expectations by holding onto their Bitcoin despite a decade-long wait to get their hands on it.3530
Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’
Fraudsters Offer Russians Bogus Chance to Invest in Fake ‘State Cryptocurrency’ Internet users in Russia have been targeted in an email campaign advertising the launch of an al
Euro-denominated Bitcoin futures will bolster institutional adoption — CME director
Zoltan Vardai10 hours agoEuro-denominated Bitcoin futures will bolster institutional adoption — CME directorThe CME has already doubled its average daily Bitcoin trading volume since 2023, its executive director told C
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals
Crypto Exchange FTX Fires 3 Top Executives, Report Reveals Three high-ranking executives of failed cryptocurrency exchange FTX have reportedly been dismissed. Among them is one of
Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs
Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs The last 12 months have been tough on digital currency investors as the cry