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Billionaire Hedge Fund Manager Ray Dalio Worried About Government Outlawing Cryptocurrencies

Amy Liu

Summary: Bridgewater Associates founder Ray Dalio voiced his concern in an interview with CNBC that governments may outlaw cryptocurrency, stating that there is “a reasonable chance” that cryptocurrencies, including bitcoin, could eventually be outlawed by the federal government. He pointed to the time when President Franklin D. Roosevelt signed the Gold Reserve Act in 1934, transferring ...

Bridgewater Associates founder Ray Dalio voiced his concern in an interview with CNBC that governments may outlaw cryptocurrency, stating that there is “a reasonable chance” that cryptocurrencies, including bitcoin, could eventually be outlawed by the federal government.

He pointed to the time when President Franklin D. Roosevelt signed the Gold Reserve Act in 1934, transferring all of the country’s privately held gold titles and certificates to the U.S. Treasury as an example. The executive previously explained that any major economic downturn or inflationary event could prompt governments to take similar action on bitcoin and other cryptocurrencies.

By Amy Liu

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Link: Billionaire Hedge Fund Manager Ray Dalio Worried About Government Outlawing Cryptocurrencies   [Copy]
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