Bridgewater ‘s Ray Dario admits that Bitcoin can be a gold-like asset alternative

in bitcoin •  4 years ago 

In the ever-changing world, how could investors protect their assets?

Ray Dalio, the co-founder of Bridgewater, the world's largest hedge fund, participated in a Reddit "Ask me anything" (AMA) this Tuesday (12/8) and was asked about Bitcoin. Can it solve the economic inequality caused by the US monetary system?
Dario did not answer directly but focused on what retail investors can do to protect their assets. However, Dario changed his previous attitude towards Bitcoin and mentioned that Bitcoin time might be an interesting investment option for the first. Dario believes that Bitcoin has established its value in the financial market in the past ten years and has risen to a gold-like asset alternative investment, and pointed out that Bitcoin's "limited supply" is similar to gold. These remarks indirectly agreed that Bitcoin is qualified to be a financial commodity against inflation. More importantly, in portfolio allocation, it is very important to hold such "limited supply" investment targets, but most people ignore this.

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