Bridgewater Fund Founder: Bitcoin could be part of a future stable supply of alternative currencies
ChainCatcher news, according to Bloomberg, Ray Dalio, the founder of Bridgewater Associates, issued a warning to the Trump administration that it should commit to reducing deficits now or face the risk of a major debt crisis within three years. When discussing potential risks of currency devaluation, Dalio suggested investors consider "what is an alternative currency with stable supply? Bitcoin could be part of it and possibly a large part."
The reason why Dalio likes Bitcoin as a safe haven is because unlike real estate, it's not subject to restrictions and can't easily be seized or taxed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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