Executive At Bridgewater Associates Ray Dalio Shares True Thoughts On Bitcoin And Crypto Industry

Founder, Co-Chairman and Co-Chief Investment Officer of Bridgewater Associates Ray Dalio published an article recently outlining his true thoughts on Bitcoin sharing that he believes the asset as gained more legitimacy over recent months. 

“It seems to me that Bitcoin has succeeded in crossing the line from being a highly speculative idea that could well not be around in short order to probably being around and probably having some value in the future,” Dalio wrote. 

He called readers attention to the fact that he is not a cryptocurrencies expert and urged readers to rely on his actual post rather than media retellings. He stated that Bitcoin is an impressive invention and that community has done a strong job of selling it as a gold alternative at a time where inflation is making that sort of investment increasingly attractive. He also stated that like any investment product, Bitcoin and cryptocurrencies have both pros and cons. A con of Bitcoin, according to Dalio, is that despite having a limited supply there will be other cryptocurrencies released meaning competition will always impact every crypto asset's price.

By Emily Mason

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