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    Ray Dalio says regulators “kill it” if Bitcoin really succeeds

    Bridgewater Associates Chairman Ray Dalio will attend the China Development Forum on March 23, 2019 in Beijing, China.

    Thomas Peter | Reuters

    Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, believes that if cryptocurrencies become mainstream success, regulators will ultimately control Bitcoin.

    Dario told Andrew Ross Sorkin at CNBC on Wednesday. “Squawk Box” At the SALT conference in New York.

    US regulators are stepping up their scrutiny of volatile cryptocurrency spaces as wild vehicles in speculative markets continue to attract attention.Securities and Exchange Commission Chairman Gary Gensler said Tuesday, Wall Street’s highest regulator I’m working overtime to create a set of rules To protect investors through better regulation of thousands of new digital assets and coins.

    “You have El Salvador take over it, you have India and China removing it, and you are discussing with the United States how to regulate it, and it is still in control,” Dario said.

    Despite the volatile seizures, Bitcoin has been quite successful lately. Cryptocurrencies have more than quadrupled in the last 12 months to about $ 47,500. Earlier this year it hit a high of over $ 60,000.

    Still, billionaire investors say Bitcoin is a good alternative to cash and has a low share of digital tokens compared to gold exposure in the portfolio.

    “I think it’s worth considering all the alternatives to cash and all the alternatives to other financial assets. Bitcoin is possible. I have a certain amount of money in Bitcoin,” Dario said. Said. “It’s an amazing achievement to bring it from where it was programmed to where it is now, through the trials of time.”

    This is breaking news. Please check for updates.

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    Ray Dalio says regulators “kill it” if Bitcoin really succeeds

    Source link Ray Dalio says regulators “kill it” if Bitcoin really succeeds

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