Billionaire investor and founder of investment firm Bridgewater Associates, Ray Dalio, said in a recent interview at crypto conference Consensus that he prefers bitcoin over bonds, and added that bitcoin could suppress financial control of states.
“The more we save in bitcoin, the more we say, ‘I prefer bitcoin over bonds.’ Personally, I prefer bitcoin, ”said Ray Dalio, adding that the more people’s savings turn into cryptocurrency, the less power the government has over the capital of ordinary people.
Ray Dalio also added that “Bitcoin’s biggest risk is its success,” suggesting that the recent rise in popularity of crypto assets could spark a widespread government assault on the segment.
One of the most troubling issues is that the government has the ability to control bitcoin or digital currencies. They know where they are and they know what’s going on.
Ray Dalio
The billionaire, who confessed to having his savings in bitcoin, recalled that the United States tried to ban US citizens from owning or trading gold in the 1930s as it was seen as a competitive threat to Treasury bonds.
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