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Billionaire Investor Ray Dalio Turning Bullish On Bitcoin


Billionaire Investor Ray Dalio Turning Bullish On Bitcoin

Billionaire investor Ray Dalio appears to be changing his opinion and turning bullish on Bitcoin, saying it had now established itself and was an interesting gold-like alternative asset.


The Bridgewater Associates founder wrote his latest sentiments in a Reddit AMA yesterday. The famed hedge fund manager noted Bitcoin’s ‘limited-supply, mobile (unlike real estate) storeholds of wealth’ were an attraction and made it a complementary investment alongside gold.


‘I think that bitcoin (and some other digital currencies) have over the last ten years established themselves as interesting gold-like asset alternatives with similarities and differences to gold and other limited-supply, mobile (unlike real estate) storeholds of wealth,’ wrote Dalio.


‘So it could serve as a diversifier to gold and other such storehold of wealth assets. … The main thing is to have some of these type of assets … including stocks, in one’s portfolio and to diversify among them,’ said the Bridgewater founder. Read More