Billionaire Ray Dalio U-turns on Bitcoin, Calls it “One Hell of an Invention”

ray dalio

Ray Dalio, founder of Bridgewater Associates which has $150 billion in assets under management, has become one of the most high profile financier to u-turn on bitcoin. “I believe Bitcoin is one hell of an invention. To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and is rapidly gaining popularity as both a type of money and a storehold of wealth is an amazing accomplishment,” he said. Just this November Dalio said the government will ban bitcoin. However in a statement where he analyzes the new currency, he revealed he didn’t know much about the crypto. That makes it interesting because Dalio shares many of the views of bitcoiners. He said for example that the dollar has entered the last phase. Now after being acquainted with the digital gold, he says “I and my…

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