After Warren Buffett, Ray Dalio is one of the most famous names in the stock market. With Bridgewater Associates he founded the largest hedge fund in the world. So Dalio’s word carries weight. In a conversation today, Dalio said why, from his point of view, Bitcoin can never be really successful. THE SHAREHOLDER classifies the statement.
Dalio said loudly about the relationship between authorities and Bitcoin CNBC (English) at a conference in New York: “I think that at the end of the day, if he is really successful, they will kill him and they will try to kill him. And I think they’re going to kill him because they have ways to kill him. “
Dalio’s formulation is a bit cumbersome – and yet unmistakable. The hedge fund star also pointed out the lack of intrinsic value of the cryptocurrency: “Historically, there are so many things that had no intrinsic value, but a perceived value. And then it got hot and cold. It can be either way. You just have to know what it is. It could be tulips in Holland. “
The 17th century tulip mania is one of the most famous examples of a speculative bubble.
On the other hand, Dalio described Bitcoin as a good alternative to cash. According to his own statements, he has a small bitcoin share in his depot.
Notes on conflicts of interest: The Chairman of the Management Board and majority owner of the publisher Börsenmedien AG, Mr Bernd Förtsch, has taken direct and indirect positions on the following financial instruments referred to in the publication or related derivatives that benefit from any price development resulting from the publication: Bitcoin.
Shares or derivatives that are discussed / mentioned in this article are in the “SHAREHOLDER Depot” of THE SHAREHOLDER.