Ray Dalio, founder of Bridgewater Associates, made ambitious statements about Bitcoin. He said Bitcoin was safe and criticized the cash.
Speaking at the Texas A&M Bitcoin Conference, which is home to prominent names in the cryptocurrency world such as billionaire businessperson Tim Draper and MicroStrategy CEO Michael Saylor, Ray Dalio made important statements about Bitcoin. “Bitcoin has proved itself as a currency with a precedent value,” Dalio said, adding that the most popular crypto currency has never been hacked, and that it will continue to be adopted increasingly.
Speaking to the cryptocurrency community, Ray Dalio said, “Investors should not focus on a single asset. You can focus on assets that will have a diversifying effect on your portfolio. ” he encouraged investors to invest in crypto money. Dalio also maintained his criticism of government bonds and cash, advising that investors should not retain these assets.
Elon Musk, CEO of Tesla and Spacex companies, made similar statements in a recent interview at Clubhouse:
“I’m a Bitcoin supporter. I’m late to the party, but I’m a supporter. And I think Bitcoin is on the verge of being widely accepted by traditional finance experts.”
BTC dropped heavily
Earlier in the day, BTC depreciated greatly. The BTC value, which was over $ 60,000 on April 17, dropped to $ 51,000 at 06.30 on April 18.