Ray Dalio on Bitcoin: "This Is Wildly Out Of Proportion"

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Published Apr 12, 2023

Bitcoin hit $30,000 for the first time since June of 2022 and is stealing all the headlines, as it's up 80% year-to-date. For reference, the NASDAQ 100 is up 20%, which is considered a strong showing but quite a far cry from Bitcoin. Nonetheless, Billionaire Legendary Investor Ray Dalio is changing his tune on Bitcoin. In 2017, Dalio denounced Bitcoin, calling it a ‘bubble’. In 2021, Dalio changed his tune when he told CNBC that he owned some bitcoin and said it’s “almost a younger generation’s alternative to gold,” which “has merit as a small portion” of a diversified portfolio. Now Dalio is back expressing his concerns for Bitcoin. In a 1-hour interview with Julia La Roche, Dalio covered a wide range of topics, mainly his concern about the state of the global economy and how history is repeating itself. One of the topics Dalio covered was Bitcoin. Dalio now believes the flagship cryptocurrency gets way too much attention in proportion to its size, stating that it's just a quarter of the size of Microsoft, which is just one stock of many.
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► To watch the full interview:
https://www.youtube.com/watch?v=szlCPKFKzWc

Kategorien: Bitcoin

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Ray Dalio on Bitcoin: "This Is Wildly Out Of Proportion"

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