Bitcoin Could Be A Viable Hedge Against Inflation – Ray Dalio – Cryptovibes.com – Daily Cryptocurrency and FX News

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The famous founder of Bridgewater Associates, Ray Dalio, said that bitcoin (BTC) is one hell of an invention. He also added that he is thinking about digital-asset investing for clients that want to protect their portfolios against currency debasement and inflation.

In his latest note to clients that was acquired by Bloomberg News, Dalio said that Bitcoin’s store-of-value makes up an “amazing accomplishment” and it is also one of the few “alternative gold-like assets at this time of rising need for them.” He added:

“To have invented a new type of money via a system that is programmed into a computer and that has worked for around 10 years and is rapidly gaining popularity as both a type of money and a storehold of wealth is an amazing accomplishment.”

Bridgewater Associates is the biggest hedge fund in the world with assets under management (AUM) of around $160 billion. The company is trusted by many institutional investors and many other high-net-worth individuals to produce significant and steady returns irrespective of the market environment.

Just like all the other hedge fund managers, Dalio has remained cautious and critical of bitcoin previously. Last November, he bashed bitcoin for its excessive volatility, alleging that it might never grow into an effective medium of exchange, let alone being a store of value.

But, he retracted his statement as bitcoin exploded toward its new all-time highs. He said in a Nov. 17, 2020 tweet:

“I might be missing something about Bitcoin so I’d love to be corrected.”

While addressing his clients through a note, Dalio admitted that Bitcoin has now succeeded in ‘crossing the line’ away from a speculative idea to an asset that has real value. He highlighted that Bridgewater is always focused on offering alternative stores of value through alt-cash funds that can shield investors from currency debasements and devaluation. He concluded:

“Bitcoin won’t escape our scrutiny.”

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Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

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