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]
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 17 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 5 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 8 days ago
  • You need to login to comment.