Ray Dalio, the billionaire hedge fund manager and founder of Bridgewater Associates, has been a long-time critic of Bitcoin (BTC). In a recent interview with Yahoo Finance, Dalio doubled down on his criticism of the leading cryptocurrency, calling it a “bubble.”
Dalio has been warning investors about Bitcoin for years. In 2017, he compared investing in Bitcoin to investing in gold, calling both “non-productive” assets.
In 2019, he said that he didn’t think Bitcoin was going to be a storehold of value because it wasn’t widely accepted.
Now, in 2020, Dalio is reiterating his criticism of Bitcoin, calling it a bubble. He cites the fact that the price of Bitcoin has surged this year while the global economy has tanked as evidence that it is in a bubble.
NOTE: This article has been written to provide an overview of Ray Dalio’s views on Bitcoin, and is not intended as investment advice. It is important to remember that Ray Dalio’s opinions on Bitcoin may change over time and should not be taken as the final word on the subject. Additionally, it is important to remember that investing in any cryptocurrency carries a high degree of risk, and investors should do their own research before making any investment decisions.
He also points to the fact that there are only 21 million Bitcoins that will ever be mined as another reason why the cryptocurrency is overvalued.
Despite his criticisms, Dalio says he’s open to being proven wrong about Bitcoin. He says that if enough people start using Bitcoin as a storehold of value or for transactions, then it could become a legitimate currency.
Until then, he remains skeptical.
In conclusion, Ray Dalio is a long-time critic of Bitcoin who believes that the cryptocurrency is in a bubble. He cites the fact that there are only 21 million Bitcoins that will ever be mined as one reason why he thinks it is overvalued.
However, he remains open to being proven wrong about Bitcoin and says that if enough people start using it as a currency, then it could become legitimate.
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When it comes to cryptocurrency, McAfee is a true believer. He has been an active promoter of Bitcoin and other digital currencies for years. In fact, he even accepts Bitcoin as payment for his cyber security services.
In an interview on CNBC’s “Halftime Report,” Bill Maher said he thinks bitcoin is “a scam.”
“I just think it’s a scam,” Maher said. “I don’t know if it’s a bubble, but I just think it’s a scam.”
When asked if he would invest in bitcoin, Maher said “no.”
“If you’re dumb enough to buy it, you deserve to lose your money,” Maher said. Maher’s comments come as bitcoin continues to surge in value. The digital currency is up more than 1,000% this year, and is currently trading at around $15,000.
Jamie Dimon is not a fan of Bitcoin. In fact, he’s called it a “fraud” and says that people who buy it are “stupid.
” Dimon made his remarks at a conference in New York on Wednesday, and his comments sent the price of Bitcoin tumbling. Dimon said that he would fire any trader who was stupid enough to trade Bitcoin, because it’s not a real currency.
