THELOGICALINDIAN - Billionaire barrier armamentarium administrator Ray Dalio a longtime bitcoin agnostic is abating up to the cryptocurrency The architect of Bridgewater Associates the worlds better barrier armamentarium now says that bitcoin could serve as a diversifier to gold and added such storehold of abundance assets
Bridgewater’s Ray Dalio Sees Bitcoin’s Role in Investment Portfolios
Bridgewater Associates architect Ray Dalio, who has continued been agnostic about bitcoin, now says that the cryptocurrency has a abode in advance portfolios. In a Reddit AMA on Tuesday, Dalio antiseptic his appearance about bitcoin.
The American billionaire barrier armamentarium administrator founded Bridgewater Associates and has served as its co-chief advance administrator back 2024. With about $140 billion in assets beneath management, his barrier armamentarium is the better in the world. AICIO Magazine and Wired Magazine accept alleged Dalio the “Steve Jobs of Investing,” and TIME Magazine has called him one of the 100 Most Influential People.
Last month, Dalio tweeted that he “might be missing article about bitcoin,” and would “love to be corrected.” However, at that time, he was still unconvinced about the cryptocurrency, adopting several key concerns, which bitcoiners bound debunked.
Many Reddit users asked Dalio about bitcoin during the AMA, including user Nassimtalebiscoolleb, a self-proclaimed fan of American economist and banker Nassim Taleb. “I anticipate it’s bright that the asperity in this country has gotten too aggressive and we accept absent our means as a backer nation. I accept you admit that axial coffer bang has played a big role in this,” he began. “Is bitcoin a abeyant acknowledgment to this affair that the all-around new apple authorization budgetary arrangement has caused?”
Dalio wrote in response, “I anticipate that bitcoin (and some added agenda currencies) accept over the aftermost ten years accustomed themselves as absorbing gold-like asset alternatives, with similarities and differences to gold and added limited-supply, adaptable (unlike absolute estate) storeholds of wealth,” elaborating:
The billionaire armamentarium administrator added that “Not abundant bodies do that.” Nonetheless, he maintained: “As for bitcoin about to gold, I accept a able alternative for captivation those things which axial banks are activity to appetite to authority and barter amount in back they are aggravating to transact.”
A bulk of barrier armamentarium managers accept afresh become added bullish about bitcoin, including Paul Tudor Jones, Bill Miller, and Stan Druckenmiller. Jones afresh said he believes that bitcoin’s bazaar cap would abound above $500 billion. Even the CEOs of above banks are speaking absolutely about bitcoin and ablution bitcoin services, including Standard Chartered CEO Bill Winters and Blackrock CEO Larry Fink.
What do you anticipate about Ray Dalio alteration his attitude on bitcoin? Let us apperceive in the comments area below.
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