Ray Dalio: If Bitcoin succeeds, regulators and governments will crash itSpeaking to CNBC on September 15, the Bridgewater founder once again admitted that he has dedicated a portion of his portfolio to Bitcoin.
However, despite buying Bitcoin, the 72-year-old billionaire still has doubts about the future success of the cryptocurrency due to regulators and governments.
Talking about the potential of Bitcoin, Dalio noted:
"I think in the end, if bitcoin will become really successful, they will crash it or try to crash it."
Dalio also raised the issue of El Salvador's acceptance of bitcoin as legal tender. However, he stated that this historical moment is not enough to confirm the status of BTC.
On the contrary, other countries with much larger populations, GDP, etc. such as China and India are "trying to get rid of it."
At the same time, the US is talking about how to regulate bitcoin and tighten control over the entire cryptocurrency space.
What’s your thoughts?
