The billionaire founder and chief investor of Bridgewater Associates, the world’s largest hedge fund, Ray Dalio, may be turning bullish on Bitcoin.
Ray Dalio recently shared on his Linkedin account, addressing the inflationary world order, cryptocurrencies, and fiat currencies.
He argued that fiat currencies issued by central banks of countries are based on the debt system, and while these assets work reasonably well when the economy is doing well, they cannot help in an inflationary environment.
In contrast, he mentioned that assets like Bitcoin and gold are more resistant to inflation and are considered better stores of value. He argued that non-debt-based forms of money will come to the fore in today’s world.
Dalio’s recent comments, which have given mixed signals about Bitcoin and cryptocurrencies, have also raised the question of whether he has or will invest in Bitcoin.
Dalio had previously stated during a February 2022 speech that “the easy money period for cryptocurrencies is over.”
