The founder of Bridgewater Associates, Ray Dalio, announced last week how to raise money. He is currently working as Chairman and Co-Chief Funding Officer of Bridgewater Associates. In an interview with Yahoo Finance that was published on Friday, he defined that he was looking at cryptocurrencies as the value of cash in today’s market is constantly declining. He even commented on Bitcoin and appreciated how programming has been effective in recent 10 to 11 years. In these years, Bitcoin didn’t get hacked.
Further, he kept up with the discussion in regard to money. Ray Dalio highlighted that “Money is trash”, according to him, people think that cash is a secure currency. He laughs at the fact and comments cash is the worst funding. As per Ray, every year, people lose around 4 to 5% to inflation which is a bad deal. Also, cash sometimes leads to problematic situations, so in such cases, Bitcoin or any other digital currency is best.
Ray Dalio talked about Bitcoin
Ray Dalio considered that cryptocurrency would help people to build a diversified portfolio. Also, he claims that he owns Bitcoin and (BTC) and ether (ETH). Though he is not well-versed with Bitcoin functioning much, he feels a certain advantage of having Bitcoin in his portfolio. He highlighted and warned people about the different aspects of Bitcoin. According to Ray, Bitcoin might get banned in certain regions because it is relatively attractive. Also, central banks and major institutions will be incapable of holding a large number.