Since Bitcoin’s inception in 2009, it has been the center of attention and controversy, especially for investors and regulatory bodies. There have been attempts to suppress this technology and bring in a new system of payment from many governments and authorities. While some governments did ban cryptocurrency transactions, the ecosystem has grown exponentially over the last decade. In connection with these decade-wide successes, the founder of Bridgewater Associates, Ray Dalio, spoke about Bitcoin in an interview with Yahoo! Finance. Ray Dalio is one of the top hedge fund managers in the world and one of the richest billionaires. Coming from him, praise for bitcoin matters even more since he used to be an ardent critic of cryptocurrencies like Bitcoin in the past. He spoke about the dangers and threats of cryptocurrency on multiple occasions in the past.
Ray Dalio’s example shows that with an open mind and eye for judgment, many anti-crypto entrepreneurs would also start seeing its benefits. According to Dalio, it is a matter of pride that Bitcoin has been going strong for over a decade without any major hacks. Dalio added that the programming had worked considerably well for the economy and has shown impressive adoption rates.
In 2020, Dalio had raised many questions about the safety and volatility of crypto. He even warned investors of being very careful before investing in crypto. In the interview with Yahoo! Finance, he said that now he owns small amounts of Bitcoin and Ether. It is expected that many erstwhile anti-crypto investors would also soon turn towards crypto following Dalio’s advice.
