Express

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

Last Update:

Tags: ,,,,
Link: Ray Dalio Said He "Might be Missing Something" About Bitcoin   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 17 hours ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 11 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 13 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 15 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 15 days ago

    • You need to login to comment.