Billionaire Ray Dalio recognizes Bitcoin as gold alternative

posted about 2 months ago
Bridgewater Associates CEO Ray Dalio has seemingly softened his stance on Bitcoin, recognizing it as an alternative to gold during his latest AMA (“Ask Me Anything”) session on Reddit.

He said “I think that bitcoin (and some other digital currencies) have over the last ten years established themselves as interesting gold-like asset alternatives, with similarities and differences to gold and other limited-supply, mobile (unlike real estate) storeholds of wealth. So it could serve as a diversifier to gold and other such storehold of wealth assets.”
Tags: opinion, bitcoin, news