{"id":114133,"date":"2020-11-18T00:39:24","date_gmt":"2020-11-17T21:39:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ray-dalio-admits-he-might-be-missing-something-about-bitcoin-as-it-surges-past-17k\/"},"modified":"2020-11-18T00:39:24","modified_gmt":"2020-11-17T21:39:24","slug":"ray-dalio-admits-he-might-be-missing-something-about-bitcoin-as-it-surges-past-17k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ray-dalio-admits-he-might-be-missing-something-about-bitcoin-as-it-surges-past-17k\/","title":{"rendered":"# Ray Dalio admits he &#8216;might be missing something&#8217; about Bitcoin as it surges past $17K"},"content":{"rendered":"<p>&#8220;<strong># Ray Dalio admits he &#8216;might be missing something&#8217; about Bitcoin as it surges past $17K <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvMzk1MGFhZjEtNDc2OS00ZDZiLWEwM2ItYzg0MDYyZWE3MjZhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>In a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> thread posted on Tuesday, Dalio <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/RayDalio\/status\/1328731042690306048\">stated<\/a> he believed that Bitcoin (BTC) was not an effective medium of exchange nor a store of value due to its volatility. He also asserted that governments could outlaw crypto assets if they became a threat to fiat currencies. However, he also admitted he \u201cmight be missing something\u201d and invited others to chime in with their explanations. <\/p>\n<p>\u201cI can\u2019t imagine central banks, big Institutional investors, businesses or multinational companies using [Bitcoin],\u201d <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/RayDalio\/status\/1328731435172245504\">said<\/a> Dalio. \u201cIf I\u2019m wrong about these things I would love to be corrected.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I might be missing something about Bitcoin so I\u2019d love to be corrected. My problems with Bitcoin being an effective currency are simple&#8230; (1\/5)<\/p>\n<p>\u2014 Ray Dalio (@RayDalio) <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/RayDalio\/status\/1328731042690306048?ref_src=twsrc%5Etfw\">November 17, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Dalio\u2019s remarks came following a BTC price surge as the crypto asset rose past $17,500 in less than 24 hours. The bullish <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> led to many contributors in the space sharing their views with the billionaire.<\/p>\n<p>\u201cLet&#8217;s put it this way\u2026 Bitcoin is money, everything else is credit,\u201d <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/MatiGreenspan\/status\/1328751998674612226\">said<\/a> Mati Greenspan.<\/p>\n<p>Meltem Demirors, the chief strategy officer at CoinShares, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/Melt_Dem\/status\/1328746974263308297\">offered<\/a> a more in-depth response on how she believed BTC could be effectively used for payments, but added it was \u201ca savings <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> at its core.\u201d BlockFi CEO Zac Prince <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/BlockFiZac\/status\/1328771397716471809\">followed<\/a> with a thread of his own, addressing each of Dalio\u2019s points in turn. He cited institutional investors recently adopting Bitcoin, including Fidelity Digital Assets, Square, Paul Tudor Jones, Bill Miller and Stanley Druckenmiller, to name a few.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">2\/ <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/RayDalio?ref_src=twsrc%5Etfw\">@RayDalio<\/a>, you are starting from a bad initial position of Bitcoin needing to be a currency to be valuable.  Better to think of it as an asset subject to the laws of supply and demand like gold, art etc.  There&#8217;s a great analogy about this &#8211; &#8220;Bitcoin has a platypus problem&#8221; <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/t.co\/lRQY0XU2kS\">pic.twitter.com\/lRQY0XU2kS<\/a><\/p>\n<p>\u2014 Zac Prince (@BlockFiZac) <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/BlockFiZac\/status\/1328771400933511174?ref_src=twsrc%5Etfw\">November 17, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Last Thursday, Dalio stated that he believed governments would be likely to ramp up their efforts to restrict cryptocurrencies if they saw material growth. His remarks came when BTC price was roughly $2,000 less than it is today \u2014 $15,700 compared with $17,732. <\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ray-dalio-admits-he-might-be-missing-something-about-bitcoin-as-it-surges-past-17k\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ray Dalio admits he &#8216;might be missing something&#8217; about Bitcoin as it surges past $17K &#8221; In a Twitter thread posted on Tuesday, Dalio stated he believed that Bitcoin (BTC) was not an effective medium of exchange nor a store of value due to its volatility. He also asserted that governments could outlaw crypto&#8230;<\/p>\n","protected":false},"author":1,"featured_media":114134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/3950aaf1-4769-4d6b-a03b-c84062ea726a.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74899,74937,117,73711],"class_list":["post-114133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-adoption","tag-bitcoin-price","tag-business","tag-investments"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/114133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=114133"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/114133\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/114134"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=114133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=114133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=114133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}