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Billionaire Ray Dalio sends harsh warning on Bitcoin
Billionaire Ray Dalio is not shy when it comes to commenting about Bitcoin. One thing that he time and again repeats is not to compare Bitcoin with gold. The Bridgewater Associates founder appeared on the recent "All-In Podcast" of Mar. 3 and laid out a detailed critique of Bitcoin, arguing that investors should stop comparing it to gold. While Dalio does hold Bitcoin (BTC), about 1% of his portfolio for diversification, he believes it falls short of gold in several key areas. Dalio’s argument ultimately comes down to what he defines as “money.” “Money mechanistically is debt,” he said, explaining that ... (full story)
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