Ray Dalio says ‘I Have Some Bitcoin’

[Oshosondy]

https://www.coindesk.com/consensus-ray-dalio-i-have-some-bitcoin
The billionaire hedge fund boss sees an inflationary future where “cash is trash” and BTC catches on as a store of wealth. He still doubts governments will tolerate it.

I am happy to this kind of man that knows the the value of fiat that fiat will as usual devaluing currency, that is just fiat for everyone, people living in developing countries and below will be the ones that will suffer the devaluation of fiats most while other countries with strong economy are not left out because fiat are controlled by central authority. Ray Dalio says says:

U.S. dollar is on the verge of devaluation on a level last seen in 1971 and that China is threatening the greenback’s role as the world’s reserve currency. In such an environment bitcoin, with its gold-like properties, looks increasingly attractive as a savings vehicle, said Dalio, whose firm started 2021 with $101.9 billion in assets under management, making it the world’s largest hedge fund.

“Personally, I’d rather have bitcoin than a bond” in an inflationary scenario, Dalio said during an hour-long conversation with CoinDesk Chief Content Officer Michael J. Casey.

Because the price of bitcoin is decreasing for now, do not let us forget that there was once a time bitcoin price was less than 1 dollar, and over the time it has been increasing, decrease a little and increase more than before in a way it will set all-time-high. Bitcoin holders that wait for long period of time will not lose but gain.

[OgNasty]

It is nice to see Ray Dalio reverse his position on Bitcoin.  I know there are a lot of people who respect his opinion are were probably caught off guard by his favorable view of Bitcoin now.  They say if 1% of bond money flowed into BTC we would see a $200,000 Bitcoin price.  A lot of investors respect Ray Dalio's insight and opinons on investments.  I think this will be seen by many investors as the all clear sign that the Bitcoin correction is over and ready to run again.  I only wish the leveraged traders would stay out this time, or go short so we can squeeze them.

[sunsilk]

I just googled the guy and saw his name being published by the media, CNBC. He's a billionaire and when there are people like him admits that they've owned bitcoin, you can see the crowd to be in a rush and gets a good feeling about what they say.

Him and Elon got said positively again just this day and that probably made the market again with a quick rise of $2,000. The confidence of investors are going with these wealthy people and if they admit to own bitcoin, that will show that we're again going to enter $40kish-$50kish again and hopefully $60k.

[suzanne5223]

I can effortlessly say i am not surprised about the Bitcoin accumulation statement made by Ray Dalio and this remind me what Elon once said "when fiat some no interest who wont elsewhere for a solution". People like Ray, Buffet etc knew fiat currency have loose totally while crypto is the next best option but they don't want to publicly say their affection and accumulation of Bitcoin.

[JakobFugger]

The fact that he talks about bitcoin as an asset is revolutionary. And even more comparing to a bond. The implications of legitimizing Bitcoin as an investment in the same class as a bond is more important than the previous ones when comparing with stocks or gaming money.

[eaLiTy]

Because the price of bitcoin is decreasing for now, do not let us forget that there was once a time bitcoin price was less than 1 dollar, and over the time it has been increasing, decrease a little and increase more than before in a way it will set all-time-high. Bitcoin holders that wait for long period of time will not lose but gain.

If you are aware about a new new asset class and you had the opportunity to invest it is bound to make you a huge fortune and that is what happened with BTCitcoin early investors as well as you can find many millionaires and billionaires because of their wise decision and many had an impact in the fortunes they made through this market because they were able to invest at an early time.

We already have hyped up many individuals because of their involvement in BTCitcoin and we are giving them unwanted mileage in terms of popularity and then after sometimes it will haunt the entire community because of their later statements or actions and the prime example is Elon Musk, so it is better to avoid hyping these things .