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Ray Dalio Said He "Might be Missing Something" About Bitcoin

Kate Graham-Shaw

Summary: Ray Dalio said he “might be missing something” about Bitcoin in a Tweet on Tuesday.  After the cryptocurrency went over $17,000 for the first time since 2017, the founder of Bridgewater Associates said in a series of posts that Bitcoin wasn’t “very good as a store-hold of wealth because its volatility is great and has ...

Ray Dalio said he “might be missing something” about Bitcoin in a Tweet on Tuesday. 

After the cryptocurrency went over $17,000 for the first time since 2017, the founder of Bridgewater Associates said in a series of posts that Bitcoin wasn’t “very good as a store-hold of wealth because its volatility is great and has little correlation with the prices of what I need to buy.

Dalio thinks that central banks and big businesses are unlikely to use the cryptocurrency in the future.

By Kate Graham-Shaw

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