[2020-12-12]Another Billionaire Wall Street Legend Has Changed His Tune On BTC

[acquafredda]

Bitcoin's reputation as digital gold has surged this year, helped by the contrast created through huge central bank money printing intended to offset the economic damage of the coronavirus pandemic.

The bitcoin price, currently bouncing around $18,000 per bitcoin, has climbed back to its late-2017 all-time highs—up more than double from January.

Now, after warning last month that bitcoin could soon be "outlawed," Ray Dalio, the legendary billionaire founder and co-chairman of the world's biggest hedge fund, Bridgewater Associates, has admitted bitcoin's now established itself as a "gold-like asset alternative."

Read the article @ https://www.forbes.com/sites/billybambrough/2020/12/12/another-billionaire-wall-street--legend-has-changed-his-tune-on-bitcoin

[1714969496]

1714969496

[1714969496]

1714969496

[Darker45]

Conversion is currently happening, continuous albeit slowly. The respectable Ray Dalio won't be the last to acknowledge Bitcoin's real potentials. As a matter of fact, the man is just among the handful of early traditional market players who ended up admitting that Bitcoin is not what it used to be described or defined.

We are at a certain stage in which denying the real deal about Bitcoin is considered obviously absurd.  

[Sithara007]

It is not surprising that more and more billionaires and Wall Street giants are flocking to Bitcoin, when the prices are going up. During the last one and half years, the prices have gone up by more than 400%. But at the same time, it would the interesting to know what would be their reaction, if a major correction occurs and the exchange rates go down by 50%-60%. Will their opinion on Bitcoin change if something like that happens?

[TalkStar]

Interesting thing is that we start to get positive speeches about bitcoin during the moment of price bump. Which actually give hope to new inventors to hold some bitcoin on their wallet. On the other side whenever price will start to decrease we will start to get negative speeches from different sources which will create panic among holder. I don't think wise investor usually make their investment on bitcoin just by following something like this where they are well notified about bitcoin potentiality and acceptability. Its clear to all that worldwide business persons are starting to join the community of bitcoin by making massive investment but we have to keep in mind that their only intention is to make profits.

There was a time when people thinking about bitcoin wasn't so positive but day by day its changing like wall street legend have changed his mind about bitcoin. Yeah we can hope best upcoming days for bitcoin but its completely depend on users and their activity during price fall.     

[Harlot]

One thing is for sure about this guys with companies they are running and changing their views with Bitcoin is they are planning to earn from it either personally or through their companies. This is what happened to businesses such as Paypal and JP Morgan where they changed their views towards Bitcoin and they have used Bitcoin as well in their businesses. This will be the same scenario for this guy especially as he is running a hedgefund company where Bitcoin can be one of their investment products.