Bitcoin Comment from Bridgewater Founder Dalio

A Bitcoin comment came from Dalio, the founder of Bridgewater, the world's largest hedge fund.

Bitcoin comment came from Dalio, founder of Bridgewater. Ray Dalio, the founder of the world's largest hedge fund, stated that his company will launch an alternative money fund and asset protection fund in order to cope with the devaluation of money and credit, and stated that "Bitcoin will not be able to escape our detailed examination in our research on this subject." As the effects of the economic crisis caused by the coronavirus epidemic grow, especially institutional firms and hedge funds are increasingly interested in Bitcoin. Ray Dalio, the founder of Bridgewater, known as the world's largest hedge fund, is one of the most distant names to look favorably on Bitcoin. Commenting on the popular cryptocurrency "an incredible invention", businessperson Dalio stated that BTC or its competitors can meet the demand of investors looking for an alternative to gold. Dalio also expressed his concern that Bitcoin could be hacked or threatened to be banned by governments if it was too successful, but did not hide his admiration for it. Legendary fund manager continued his explanations as follows: “I watch with great admiration how Bitcoin successfully passed all exams and stood upright for 10 years without any problems. It is admirable how the technology works and it is still not hacked.” Stating that despite his positive statements about Bitcoin, he has not yet considered a complete BTC conversion, Dalio stated that such a transformation is impossible when considering what can be done in the case of states imposing a ban. “These scenarios paint a picture of uncertainty for us. Bitcoin is a long-term option for me, an asset that has uncertainty in its future, which I wouldn't care if I lost 80 percent of the money I invested in it.” However, Dalio also stated that he wanted to learn more about Bitcoin and was very curious about it.