Ray Dalio admits he just bought Bitcoin and finds it much smarter than bonds

Though billionaire investor Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has previously expressed concern about the future of bitcoin, he has also noted that the cryptocurrency earned his respect. Now, he reveals, “I have some bitcoin”, Dalio told during its 2021 Consensus conference. 🛡️
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But Dalio maintains that the cryptocurrency still faces risk. “Bitcoin’s greatest risk is its success", he said. And if it succeeds, “one of the great things, I think, as a worry is the government having the capacity to control it or the digital currencies. They know where they are, and they know what’s going on,” he said. 🗣️
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“The more we create savings in bitcoin, the more you might say, ‘I’d rather have bitcoin than the bond.’ Personally, I’d rather have bitcoin than a bond. And then the more that happens, then it goes into bitcoin and it doesn’t go into credit, then governments lose control of that". Note that he said this when BTC price was still over $50,000! 📈