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Bitcoin Is Being Seriously Considered For Bridgewater's New Alt-Cash Fund
Summary: Bridgewater is exploring alternative wealth assets storehold solutions, and Bitcoin is being seriously considered, Ray Dalio, the founder of Bridgewater revealed this information in the Bridgewater Daily Observations, as reported by The Block. He said: "Bitcoin looks like a long duration option on a highly unknown future that I could put an amount of money in that I wouldn't ...
Bridgewater is exploring alternative wealth assets storehold solutions, and Bitcoin is being seriously considered, Ray Dalio, the founder of Bridgewater revealed this information in the Bridgewater Daily Observations, as reported by The Block.
He said: "Bitcoin looks like a long duration option on a highly unknown future that I could put an amount of money in that I wouldn't mind losing 80% off."
Dalio worried about fiat currency depreciation and looking for a better alternative solution, wrote: "I expect Bridgewater to soon offer an alt-cash fund and a storehold of wealth fund in order to better deal with the devaluation of money and credit that we consider to be a major risk and opportunity and Bitcoin won't escape our scrutiny."
By Mary Liu
Tags: Bitcoin,Bridgewater,Cash,Ray Dalio
Link: Bitcoin Is Being Seriously Considered For Bridgewater's New Alt-Cash Fund [Copy]
