The investor explained in which case the regulators can go to the “murder” of the first cryptocurrency.
The founder of hedge fund Bridgewater Associates Ray Dalio ( Forbes estimates his fortune at $ 20 billion) in an interview with CNBC.
Ray Dalio said that regulators will destroy Bitcoin if the cryptocurrency becomes successful, If the popularity of the first cryptocurrency grows, regulators will try to take control of it.
“If it’s really successful, they’ll kill it. And they’ll try to kill it,” says @RayDalio on the impact of regulation on #crypto #bitcoin pic.twitter.com/q0engjLTy7
— Squawk Box (@SquawkCNBC) September 15, 2021
“If Bitcoin is successful, they will try to kill it. And I think that they will be able to do it,
since they have the appropriate capabilities, ”the billionaire explained.
At the end of May, the investor argued that the digital dollar and other national cryptocurrencies would be viable, but they would not be able to take over the crypto market, since they are not decentralized, but controlled by central banks.
In May, Dalio talked about owning bitcoin. According to him, in the current environment, the main cryptocurrency looks like a more attractive store of value than gold.
Dalio argues that the US dollar is on the verge of devaluing to levels last seen in 1971, and China is threatening the dollar’s role as the world’s reserve currency.
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