Although the billionaire owns bitcoin, he thinks people are giving too much attention to cryptocurrencies.
Dalio has not always been a Bitcoin proponent. In fact, he was one of the biggest crypto critics, blasting digital currencies for their extreme volatility and even calling Bitcoin a massive bubble.
However, he recently softened his stance on cryptocurrencies and invested in the primary digital asset. Earlier in December 2021, Dalio“It has proven itself. It has not been hacked, it has operated in an amazing way over that 11 years to be probably the most exciting topic among a lot of people. It has been used and is now obtained the status of having imputed value.”
Still, despite praising Bitcoin’s success story, the legendary investor predicted that its success could also be its downfall as governments might try to “kill” it.that if Bitcoin’s mainstream adoption continues at the breakneck pace, it is currently going, regulators and government will stop it because they “have ways of killing it.”
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