Ray Dalio believes that Bitcoin is a better store of value than bonds – so he said in a recent interview on the crypto conference consensus.
On May 24, the chairman of Bridgewater Associates described Bitcoin as a superior investment vehicle for saving than traditional bonds. Dalio said:
The more we create savings in [Bitcoin], the more you might say, ‘I’d rather have Bitcoin than the bond.’ Personally, I’d rather have Bitcoin than a bond.Ray Dalio
Also, he stated that crypto takes away the power from the nation state, which is also the biggest risk for Bitcoin according to him:
One of the great […] worr[ies] is the government having the capacity to control […] Bitcoin, or the digital currencies. They know where they are, and they know what’s going on.Ray Dalio
In addition to that, he went on to reveal that he officially bought Bitcoin.
It’s definitely a surprise that Ray Dalio revealed his bitcoin purchase. Ray Dalio is one of the largest asset managers in the world, who has been a Bitcoin sceptic since he first talked about it. But now, he changed his mind and confirmed that he owns bitcoin.