Ray Dalio Says Bitcoin Has Stood the Test of Time – But Crypto May Face Future Headwinds
In a new interview with CNBCs Andrew Ross Sorkin, the Bridgewater Associates hedge fund founder explains why the benchmark crypto is a viable alternative currency.
It has a limited supply, and as long as its accepted for payments and has a limited supply, if the demand grows more than the supply grows, it goes up and it serves that purpose.
It‘s done a heck of a job of programming, stood the test of time, meaning it hasn’t been hacked, and so on. So it‘s a viable alternative. I think most of the people would say, is it a store hold of wealth that’s limited in supply and maybe not controlled？ Is it a viable alternative to a fiat currency？
The billionaire says he owns more gold than crypto and recommends that investors do not focus on just Bitcoin or gold. He says that portfolio diversification can mitigate risks in case some assets face headwinds in the future.
Let me tell you… crypto can go [away] like that, meaning governments can regulate it, outlaw it, or it can be traced…
Governments dont want alternative currency, okay？ Because throughout history we see that they want control over the currencies… Since 1700, there have been about 750 currencies. Only 20% of those are still in existence, and all of those have been significantly devalued at one point or another.
For more blockchain news, please download WikiBit- the Global Blockchain Regulatory Inquiry APP.
Article involves exchange
1-2 years | Common Financial Service License | Suspicious Overrun | High potential risk
Deluxe | Bitcoin | 10-15 years
2-5 years | Suspicious Regulatory License | Medium potential risk
About MoreNo Regulatory
ShitCoin | IDCM Token
THE PANDORA PAPERS REVEAL WHAT BITCOINERS ALREADY KNOW
The revelations are simply confirmation for a group that has studied the economic injustices of today intently.
Over $5 Billion In BTC Paid In Top 10 Ransomware Variants, Says U.S. Treasury
This year, hackers have hit numerous U.S. companies in large-scale hacks. One such attack on pipeline operator Colonial Pipeline led to temporary fuel supply shortages on the U.S. East Coast.
The crypto industry is still waiting for its ‘iPhone moment’
The most important innovation that the iPhone brought — which the crypto space needs to gain mass adoption — is the user experience.
COULD ADVANCED QUANTUM COMPUTING POSE A RISK TO BITCOIN SECURITY?
Rapid progress in quantum computing could pose a risk to certain types of bitcoin transactions. So how can we combat this risk?
- Token conversion
- Exchange rate conversion
- Calculation for foreign exchange purchasing
- Please enter the number
- Current Currency
- purchasing price
- Amount Required