American billionaire entrepreneur, the founder of the largest hedge fund Bridgewater Associates, Ray Dalio disclosed he holds some Bitcoins during Coindesk's 2021 Consensus Conference.
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The billionaire talked about types of inflations stating he prefers Bitcoin over a bond in such case. He finds that Bitcoin's biggest risk is its success. Making his view clear, Ray Dalio said in the current circumstances fighting against BTC would be a much bigger deal for the government so they don't take measures.
According to him, as crypto becomes a bigger deal, for instance, people selling their bonds to buy BTC and the government becomes close to losing control over the crypto industry, it will start taking steps.
The entrepreneur says many things are going to change in the next 5 years and the winner of the technological race will get both economical and military power.It's worth mentioning that previously Ray Dalio's views towards Bitcoin were skeptical. In 2017 he called BTC a bubble. However, in late 2020, after more institutional investments he started reconsidering his approach saying there might have been something he missed.
Bitcoin price has gone up over 10% over the previous 24 hours and currently stands at around $37.500.