Raymond Thomas Dalio AKA Ray Dailo is an American billionaire investor and hedge fund manager. He is the founder of the world’s biggest hedge fund firm, Bridgewater Associates. Which manages roughly $150 billion.
At Consensus by CoinDesk 2021 interview on May 6th, billionaire Ray Dalio, who built the world’s largest hedge fund. Revealed that he owns “some” bitcoin and compared it to bonds as a stronger inflation hedge. “Personally, I’d rather have bitcoin than a bond,” said Dalio.“The guy hates cash, we know this. But now he hates bonds too,” commented Neil Wilson, chief market analyst at Markets.When Dalio made his statements, bitcoin was trading at almost $57,000 per coin, close to its peak.
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”
If Bitcoin is considered as a competitive threat to Treasury bonds, Dalio warned in March that the US government could ban it, as it did with gold in the 1930s. Although there’s “concern or risk around regulation” of bitcoin, “I don’t think even a concerted effort among different countries and different central banks could actually shut down bitcoin,” Ledbetter said. “I don’t think that’s technologically possible. But there are ways that bitcoin could be regulated.”