The billionaire founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund, Ray Dalio, could be turning bullish on Bitcoin.
Ray Dalio recently shared his thoughts on the inflationary world order, cryptocurrencies, and fiat currencies on his LinkedIn account. He argued that fiat currencies printed by central banks of countries are based on the debt system and work reasonably well when the economy is doing well, but they cannot help in an inflationary environment.
In contrast, he emphasized that assets like Bitcoin and gold are more resistant against inflation and claimed that non-debt-based forms of money will stand out in today’s world.
His recent comments, which have been mixed signals on Bitcoin and cryptocurrencies, have raised questions about whether he has any Bitcoin investments or plans to make them.
In a speech in February 2022, Dalio stated that the era of making easy money from cryptocurrencies is over.
