Ray Dalio Says He Owns 'Some' BTC
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Ray Dalio, a billionaire hedge fund manager and founder of Bridgewater Associates, said today that he owns some BTC. The announcement came during CoinDesk’s Consensus event.
According to Dalio, the U.S. dollar is being devalued, giving rise to an environment that makes BTC much more appealing. “I have some BTC,” Dalio announced during an interview which was filmed on May 6.
Dalio is not the only billionaire to turn bullish on BTC. Others like Stanley Druckenmiller have been pro-BTC for several months now. Back in November of last year, Druckenmiller said BTC could have a lot of appeal as a store of value.
During the same month, Dalio suggested that governments could “outlaw” BTC and that this would cap its promise as an asset.
This is a developing story, check back for updates.
