Ray Dalio tweets – asks for insight on cryptocurrency! Ray Dalio tweets about Bitcoin and derides it due to its volatility. He asserted that governments could outlaw crypto assets if they are a threat to fiat currencies.
However, he also admitted that he “might be missing something”. “I can’t imagine central banks, big institutional investors, businesses or multinational companies using [Bitcoin],” said Dalio. “If I’m wrong about these things I would love to be corrected.”
Dalio’s remarks came following a BTC price surge as Bitcoin rose to $17,500 in less than 24 hours. The bullish news led to many contributors in the space.
“Let’s put it this way… Bitcoin is money, everything else is credit,” said Mati Greenspan.
Last Thursday, Dalio stated that he believed governments would be likely to ramp up efforts to restrict and contain cryptocurrency. His remarks were made when BTC was $15,700.
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