FX.co ★ Ray Dalio sees merit in Bitcoin

Billionaire Ray Dalio is confident that Bitcoin is an alternative to gold for the younger generation. He believes it is unique. Dalio said he had Bitcoin in his portfolio and he has no intention of selling it in the next 5-10 years. Billionaire is also incredibly impressed by its decentralization and blockchain.

Dalio believes that Bitcoin is an alternative to gold only for the younger generation, particularly those under 40-50. He thinks it has a lot in common with gold.

The founder of the world's largest hedge fund, Bridgewater Associates, Dalio is confident that no one in the 21st century can dislodge Bitcoin from its position on the financial hierarchy. The billionaire has great faith in blockchain. He believes it is a truly revolutionary technology that has the highest reputation among investors.

Bitcoin has also proven to be a very good hedge against inflation. Dalio, like many crypto-enthusiasts, sees Bitcoin as the best hedge against the coming inflation of 2022 and an accumulative vehicle for storing his savings.

There are a limited number of Bitcoins in the world. There are 18.9 million of them. Therefore, it is not surprising that many Bitcoin kits and holders promote long-term storage.

Bitcoin's value will rise as demand and the global adaptation increase. Ray Dalio also sees some threats to bitcoin.

Dalio complained that many countries consider bitcoin a threat to their economy and national currency. The billionaire is convinced that it would be quite difficult for governments to ban and completely eradicate bitcoin from countries.

For example, James Ledbetter, an editor of Fintech, believes that even if many countries formed a consensus and acted together in an attempt to ban Bitcoin in their country and completely annihilate it, it would be unlikely to help.

Technologically and practically, this is simply impossible. The only way to influence Bitcoin is to regulate it legally.