Ray Dalio’s crypto-skeptic firm weighs Bitcoin investment.

The founder of Bridgewater Associates, Ray Dalio, is examining the possibility of acquiring Bitcoin. This is reported on the на сайте инвестиционной компании.

\n

“I want to clarify my position on Bitcoin. I regard it as a damn good invention,” he wrote.

\n

Dalio sees prospects for Bitcoin to attain store-of-value status.

\n

“In the future, problems could arise, including from quantum computing and regulatory backlash. Even if none of them materialize, Bitcoin can be regarded as a long-term option on a highly uncertain future,” he clarified.

\n

In his view, Bitcoin is an asset into which one could invest such an amount that an 80% loss would be tolerable.

\n

The billionaire expressed concerns about protecting digital gold against cyberattacks. Dalio also questioned whether Bitcoin faces a supply constraint in light of the existence of other ‘similar alternatives’.

\n

In the briefing, the founder mentioned the upcoming launch of an inflation-hedged alternative fund. He hinted that Bitcoin could join its lineup, as it encompasses “not only a major risk, but also an opportunity”.

\n

Earlier in November, Dalio admitted that мог ошибаться regarding the first cryptocurrency. Not long before that, he suggested that governments «задушат» биткоин before it unlocks its potential.

\n

Subscribe to ForkLog’s channel on YouTube!