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24 November 2020

Ray Dalio Admits He May Be Wrong About Bitcoin But Still Concerned of Government Ban | News Bitcoin News

Ray Dalio Admits He May Be Wrong About Bitcoin But Still Concerned of Government Ban | News Bitcoin News


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Ray Dalio Admits He May Be Wrong About Bitcoin But Still Concerned of Government Ban.

Billionaire hedge fund manager Ray Dalio has admitted that he may be wrong about bitcoin after stating that governments will ban the cryptocurrency if it “becomes material.” Dalio founded Bridgewater Associates; his hedge fund is the largest in the world.

Bridgewater Associates founder Ray Dalio has admitted that he may be wrong about bitcoin after stating last week that he did not think that cryptocurrencies “will succeed in the way people hope they would.” He further said that governments will outlaw bitcoin if it becomes material.

His hedge fund is the largest in the world, with about $140 billion in assets under management.

Next, he reiterated the risk of governments banning bitcoin that he outlined in an interview with Yahoo Finance last week.

Dalio said that if bitcoin “becomes material, governments won’t allow it.” He emphasized: “they’ll outlaw it and they’ll use whatever teeth they have to enforce that.

Dalio ended his series of tweets with “If I’m wrong about these things I would love to be corrected.

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