Legendary investor, Ray Dalio admitted to buying Bitcoin.
This is it, Ray Dalio bought Bitcoin!!
One of the veterans of the investment field, Ray Dalio, the founder of Bridgewater Associates, confirmed that he owns Bitcoin.
As it is known, Bridgewater Associates is the largest hedge fund in the world.. Bridgewater has been in business since 1975.
I have Bitcoin!
Speaking in the interview recording recorded on May 6 but published last Monday, Ray Dalio confirmed that he had purchased BTC by saying, “I have Bitcoin.” blockquote class=”wp-block-quote”>
The more we invest in [Bitcoin], the more you start saying ‘I prefer Bitcoin over bonds’….. It goes on and on and on and on, eventually [money] starts flowing into Bitcoin instead of loans, and governments are losing control…
Personally, I prefer Bitcoin over bonds.
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After the recent inflationary concerns and monetary policy stances announced by the US government, Dalio seems to have warmed to the concept of Bitcoin as a store of value.. It is clear that Delio is starting to hold crypto in higher reputation than some traditional instruments, such as government bonds.. In November last year, the famous investor, who admitted that he could be wrong about Bitcoin and wanted to learn more about the cryptocurrency, said that by December he saw BTC as an alternative to gold.
Inflation affects the markets
US has experienced the highest inflation increase since 2008. Continuous price increases have hit the whole world.. It’s a prudent time for investors with large cash reserves or treasury bills, as their nominal purchasing power drops rapidly during times of high inflation.
The narrative that bitcoin is a hedge against inflation has yet to be proven in practice – but the economic theory is sound.. Given a sustainable level of demand, a decrease in supply will inevitably lead to a price increase.
BTC price live: $ 20,727.00
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