Over the past decade, Bitcoin has shown everyone that it has earned the status of a reliable asset, according to Ray Dalio, founder of Bridgewater Associates.
According to him, no one has hacked the cryptocurrency, and it has enormous long-term potential. Capital continues to enter the crypto sphere, and there is no doubt that this trend will continue, the billionaire emphasized.
Ray Dalio admitted that he invested part of his capital in bitcoin and ether. However, the financier did not specify how much of his portfolio he holds in digital currencies.
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Observers note that the founder of Bridgewater Associates doubted BTC could be viewed as a hedging instrument a year ago.
The main threat is that Bitcoin periodically exhibits a wide range of price fluctuations. However, at the beginning of this year, the billionaire began to change his position against the backdrop of a cryptocurrency rally.