Ray Dalio warned of cryptocurrency bans in some countries C | Top DeFi

Ray Dalio warned of cryptocurrency bans in some countries

Cryptocurrencies are too vulnerable and easy to trace and this asset class is likely to be banned by governments in a number of countries. That's what billionaire billionaire Ray Dalio, founder of Bridgewater Associates, said in an interview with David Rubenstein.

According to Dalio, given the size of the cryptocurrency market, it is "given too much attention." He confirmed that digital assets make up a "tiny percentage" of his personal investment portfolio.

According to the head of Bridgewater Associates, people are increasingly wondering what to use as a means of exchanging and storing value. He stressed that fiat will experience increasing competition from digital currencies.

He also advised creating an investment portfolio diversified across asset classes and markets. The billionaire also noted that "cash is garbage.