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Ray Dalio Says He ‘Might Be Missing Something’ About Bitcoin

Bloomberg business news
Bitcoin Passes $18,000, How Much Higher Can It Go?

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.