We recall that Ray Dalio often comments on what is happening in the cryptocurrency world. In particular, in September 2021, he said that the world's governments are sure to start a full-scale fight against Bitcoin and other digital assets. The reason for this is that the authorities do not want to lose control of what is happening in the financial sector. As we know, cryptocurrencies have no single governing body, so the same bankers are not in a position to intervene with coins.


The rise of Bitcoin and other cryptocurrencies

Which means the niche will be impacted by regulation, as well as setting rules for exchanges and other centralised bodies. Ray, however, is still betting on crypto.

Why does Bitcoin have value?

Here is one of Dalio’s quotes in which he shared his views on cryptocurrencies. The quote was published by Decrypt.

I’m not an expert on Bitcoin, but I think it has some value as part of an investment portfolio. It is an amazing achievement for Bitcoin to achieve what cryptocurrency is now.


Indeed, BTC and other digital assets are a phenomenon in today's world. For example, Bitcoin was created by an anonymous developer in 2009, which means it took relatively little time for the cryptocurrency to grow to a trillion dollars in capitalisation.

That said, it is possible to consider the coin's value without being an expert. In particular, Bitcoin has a limited inflation rate, a fixed maximum supply of the cryptocurrency and an important feature in the form of decentralisation, which prevents officials and bankers from interfering with what is happening inside the blockchain.


Ray Dalio, founder of Bridgewater Associates

Dalio believes that BTC is an alternative to gold for the younger generation. The demand for crypto from a new generation of investors supports the capitalisation of the crypto market and furthers the development of the cryptosphere.

The statement appears to be true. Still, according to a CNBC poll, millennial millionaires plan to add more bitcoins to their investment portfolios in 2022. 83 per cent of respondents already own cryptocurrencies, and more than half of those surveyed have at least 50 per cent of their wealth in cryptocurrency. Just under half in the form of 48 per cent intend to add to their crypto portfolios in the new year, while 39 per cent plan not to reduce their current level of cryptocurrency investment.

Bitcoin’s rise

Like most young millionaires, Dalio is optimistic about Bitcoin’s future, but he is also aware of the cryptocurrency’s downside. During the interview, he suggested that Bitcoin would “probably” be outlawed in some parts of the world if it became a threat to the well-being and stability of world governments. However, it is important to understand that because of the decentralised nature of cryptocurrency, no amount of prohibition will prevent ordinary people from using the coins.


We believe Bitcoin and other cryptocurrencies do deserve a place in investor portfolios - at least as a tool to reduce risk and dependence on government action. After all, officials will not be able to print new bitcoins as the pandemic intensifies, so cryptocurrency inflation will not be a serious problem either.

As a result, Dalio has looked at the prospects of digital assets, found strengths in them, and recommends that others follow his path. However, to do so, you first need to understand blockchain and blockchain-based coins in order to make an informed investment.


What do you think about it? Share your opinion in our Millionaire Crypto Chat. We’ll talk about other topics related to the blockchain and decentralisation industry there as well.