Ray Dalio said Tuesday that he might be missing something about Bitcoin as the cryptocurrency passed $17,000 for the first time in almost three years.
“It’s not very good as a store-hold of wealth because its volatility is great and has little correlation with the prices of what I need to buy,” the billionaire founder of Bridgewater Associates said in a series of posts on Twitter, adding that governments could eventually outlaw it if it started to compete with the currencies they control.
