Ray Dalio: Bitcoin and Crypto Get 'Too Much Attention'
Free $100 BITC Click Ray Dalio, arguably the most famous hedge fund manager in the world, indicated he's not putting too much faith in cryptocurrency as a hedge for anything. In an interview on "The David Rubinstein Show" on Bloomberg, Dalio reiterated that he thinks some governments will outlaw cryptocurrencies such as Bitcoin—a point on which he's been proven correct—and implied that its market capitalization is too large. He also lumped the asset class's most fervent proponents in with goldbugs. "So, I think too much attention is spent on crypto," he said. But Dalio, one of the globe's wealthiest men, does find digital assets "interesting"—and again admitted to holding a small amount in his diversified portfolio. "I think that we're now in an area where we're going to have different types of money," he said while discussing the unbundling of currency as a medium of exchange and a storehold of wealth.