{"id":257744,"date":"2021-05-24T20:43:27","date_gmt":"2021-05-24T17:43:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/billionaire-investor-ray-dalio-reveals-he-owns-crypto\/"},"modified":"2021-05-24T20:43:27","modified_gmt":"2021-05-24T17:43:27","slug":"billionaire-investor-ray-dalio-reveals-he-owns-crypto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/billionaire-investor-ray-dalio-reveals-he-owns-crypto\/","title":{"rendered":"#Billionaire investor Ray Dalio reveals he owns crypto"},"content":{"rendered":"

“#Billionaire investor Ray Dalio reveals he owns crypto<\/strong>”<\/p>\n

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Billionaire investor Ray Dalio revealed Monday that he has some skin in the game<\/a> on bitcoin \u2014 and said he\u2019d rather invest in cryptocurrencies than buy bonds.\u00a0<\/p>\n

\u201cI have some bitcoin,\u201d said the founder of Bridgewater Associates, the largest hedge fund in the world. He did not say how much he owned.<\/p>\n

He added in a pre-recorded interview with CoinDesk<\/a> that as bitcoin becomes more popular, investors might choose to put their savings in the crypto rather than government-backed bonds. <\/p>\n

\u201cPersonally, I\u2019d rather have bitcoin than a bond,\u201d said Dalio, who has been vocal about his displeasure with the low payout from bonds, especially during times of high inflation. The interview was recorded on May 6.<\/p>\n

Dalio made his comments before the past week of whiplash that\u2019s struck the cryptocurrency market.\u00a0<\/p>\n

\"Ray
Ray Dalio did not reveal how much of his wealth is invested in bitcoin.<\/figcaption>
Getty Images for TechCrunch<\/span><\/figcaption><\/figure>\n

When Dalio\u2019s remarks were recorded earlier this month, bitcoin was trading at about $57,000 per coin, near the crypto\u2019s peak. Last week, the digital currency fell below $40,000 per coin and nearly touched $30,000 before starting this week off with a comeback.\u00a0<\/p>\n

Bitcoin\u2019s price was up more than 18 percent Monday afternoon to about $37,400 per coin.\u00a0<\/p>\n

Dalio\u2019s disclosure that he owns some of the crypto also came with a warning. He said governments could be increasingly threatened by the rise of bitcoin and the effects it might have on state monetary systems. Governments might seek to crack down on the sector, Dalio added, because as the crypto becomes more popular than bonds, governments could lose control over their ability to raise money.<\/p>\n

\u201cBitcoin\u2019s greatest risk is its success,\u201d he said.<\/p>\n

\"Bitcoin.\"
Last week, bitcoin fell below $40,000 per coin.<\/figcaption>
Anadolu Agency via Getty Images<\/span><\/figcaption><\/figure>\n

Investors have already seen some regulatory developments around cryptocurrency since Dalio\u2019s remarks were recorded.\u00a0<\/p>\n

Last week, both the Federal Reserve and the Treasury Department signaled a crackdown could be coming for cryptos, with the Fed announcing it would explore releasing its own cryptocurrency. The Treasury Department said it will require any crypto transfer worth $10,000 or more to be reported to the Internal Revenue Service, adding that crypto transactions represent a tax flight risk.\u00a0<\/p>\n

And authorities in China last week called for a crackdown on \u201cmining\u201d and trading, saying that greater regulation is needed to protect the country\u2019s financial system and economy.<\/p>\n

\"Ray
Ray Dalio warned the government could be threatened by the rise of bitcoin and crack down on cryptocurrencies.<\/figcaption>
Getty Images<\/span><\/figcaption><\/figure>\n

Dalio warned about looming regulation back in January in a blog post<\/a> titled \u201cWhat I Think of Bitcoin.\u201d<\/p>\n

\u201cI suspect that Bitcoin\u2019s biggest risk is being successful, because if it\u2019s successful, the government will try to kill it and they have a lot of power to succeed,\u201d Dalio wrote.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Billionaire investor Ray Dalio reveals he owns crypto” Billionaire investor Ray Dalio revealed Monday that he has some skin in the game on bitcoin \u2014 and said he\u2019d rather invest in cryptocurrencies than buy bonds.\u00a0 \u201cI have some bitcoin,\u201d said the founder of Bridgewater Associates, the largest hedge fund in the world. He did not…<\/p>\n","protected":false},"author":1,"featured_media":257745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/05\/ray-dalio-bitcoin-02.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,107005,76127,71070],"class_list":["post-257744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-5-24-21","tag-cryptocurrency","tag-hedge-funds"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/257744","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=257744"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/257744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/257745"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=257744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=257744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=257744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}