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Ray Dalio Bitcoin : I Have BTC and The Biggest Risk is Success

Ray Dalio Bitcoin – Billionaire Investor Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates previously expressed his concerns about the future of Bitcoin.

He also noted that Cryptoccurency has earned his respect. Now, he reveals that he owns Bitcoin.

Ray Dailo Bitcoin’s Opinion

I have some bitcoin,” Dalio told CoinDesk during the Consensus 2022 conference. The interview was recorded on September 6 and published Monday.

But Dalio argues that cryptocurrencies still face risks. “Bitcoin’s biggest risk is successyes,” he said.

And if it works,one of the great things, I think, that is a concern is that governments have the capacity to control … bitcoin, or digital currency. They know where they are, and they know what’s going on, “he continued.

The more we save in [bitcoin]the more you might say, ‘I’d rather own bitcoins than bonds.’

Personally, I’d rather own bitcoin than bonds. And the more that happens, then it turns into bitcoin and not into credit, then [pemerintah] lose control over it. ”

This is not the first time Dalio has expressed concerns about the risks of government regulation.

Bitcoin’s Biggest Risk Is Success

I’m not a bitcoin/cryptocurrency expert,” he wrote in a September post titled “What I Think of Bitcoin,”

But “I suspect that Bitcoin’s biggest risk is success, because if it does, the government will try to kill it and they have a lot of power to succeed. ”

In September, Dalio warned of the possibility that the US government could ban bitcoin as it did with gold during the 1930s if cryptocurrencies were seen as a competitive threat to Treasury bonds.

However, it will be quite difficult for the government to effectively ban bitcoin.

While there are concerns or risks surrounding bitcoin regulation not all countries and different central banks can actually shut down bitcoin. It’s not technologically possible. But there are ways that bitcoin can be regulated.

Nevertheless, “the world will change very fast,” said Dalio CoinDesk. “Whoever wins the technology race wins it all, economically and militarily. That’s what the next five years will be like. “