One of the #World's #Richest Turns Again to #Bitcoin (BTC) #Ray #Dalio changed his mind for Bitcoin (BTC).
Bitcoin 's (BTC), including obtaining a significant rise in recent years and the presence of gold than many of the traditional "safe" began to be seen as an asset, brought criticism through as well.
🚨BTC May Also Be Banned!
✅Dalio Gives Bitcoin a Chance
Ray Dalio, who has attracted attention about Bitcoin (BTC) since the beginning of 2021 and has been seen as criticism by many, has now started to make recommendations that include the leading cryptocurrency. Dalio, one of the richest in the world and managing a multi-billion dollar fund, seems to have completely changed his perspective on BTC.
In his speech at the Texas A&M Bitcoin conference, Dalio stated that the whole world is facing a very critical danger for now. Dalio stated that people were afraid and justified in their fears that their fiat money would depreciate, while recommending a well-diversified portfolio to everyone.
🚨Pay Attention To The Rate In Bitcoin Investment!
In the statement made by Dalio, it was emphasized that it does not make sense to overexpose and invest heavily in a single asset. The billionaire investor thinks it's unreasonable to invest too much in a single asset, even if this is Bitcoin.
According to the information provided by #Kitco, Dalio has criticized Bitcoin for a while and finally decided that it is a must-have asset in the portfolio. Stating that investors can buy 20% Bitcoin in a well-diversified portfolio, Dalio emphasized that this is reasonable.
🚨BTC May Also Be Banned!
The billionaire name stated a few weeks ago that the leading cryptocurrency could be banned by governments. Expressing that Bitcoin is gradually becoming a store of value, Dalio worries that it will be banned, just as gold was once banned. Emphasizing that the US government could impose shocking taxes on Bitcoin and gold and this could lead to a ban, Dalio warned investors but drew reaction.
When looking at the 1-year performance of the Bitcoin price , it is seen that it has a very different structure compared to commodities such as gold or silver. Investors may also be aware of this and have not been investing in LTL-focused ETF products recently. JP Morgan experts emphasized in their research published at the beginning of 2021 that investment in gold-focused ETF products has decreased significantly.