Famous Billionaire Changed His Mind: Bitcoin Proved Itself!

Billionaire businessperson Ray Dalio, who criticized Bitcoin for failing to fulfill the aims of money, changed his mind.

The famous billionaire changed his mind, Ray Dalio said, “Bitcoin proved itself”. He criticized Bitcoin for failing to fulfill the purposes of money and advocated a potential ban on cryptocurrencies. However, Dalio admitted that Bitcoin can play well in a balanced and diversified portfolio. Thus, Max Keiser, the well-known name of the cryptocurrency world, proved his rightfulness.

U-Turn From Ray Dalio

Dalio, founder of Bridgewater Associates, was publicly critical of Bitcoin, along with many prominent representatives of the traditional financial world. Dalio had previously highlighted that BTC has a notorious volatility and therefore stated that it cannot serve as a medium of exchange. He even argued in 2020 that the cryptocurrency "does not fulfill the purpose of money". However, Dalio, who has recently become significantly more open-minded, admitted that "he may be missing something on Bitcoin". The famous billionaire, who has hundreds of thousands of followers, asked his followers for information on BTC and then compared to gold as an asset. Famous BTC advocate and presenter of Keiser Report Max Keiser stunned the crypto market by using Dalio's statements about "training a new Bitcoin user" about his previous comments. Dalio pointed out that BTC investors should invest in safe havens such as gold.

Keizer Predicted

Keiser predicted that there would be a potential change in Dalio's thinking later on. Following the recent positive comments made by the former investor, according to the information in CryptoPotato, the presenter of the Keizer report said: “The hedge fund industry is very competitive. Believe it or not when Dalio said it, the magic of Bitcoin pulls it into its orbit as the price rises.”