Ray Dalio believes nations will outlaw Bitcoin if BTC price keeps rising

Ray Dalio, the billionaire hedge fund legend, doesn’t see digital currencies like Bitcoin (BTC) succeeding the way other people do. He expects authorities to clamp down on cryptocurrencies when they see “material” growth.

The daily chart of Bitcoin dating back to Jan. 1, 2020. Source: TradingView

Meanwhile, BTC has hugely outperformed Bridgewater year-to-date. Barry Silbert, CEO of Grayscale — a cryptocurrency investment firm with over $9 billion in assets under management —


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