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Ray Dalio Says ‘Cash Is Trash’ and Makes the Case for Crypto

  • Bridgewater’s Pure Alpha II Fund has gained 1.4% this year
  • Dalio says Cathie Wood wrong about 10-fold increase in Bitcoin
Ray Dalio
Ray DalioPhotographer: Patrick T. Fallon/Bloomberg
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Ray Dalio warned that investors shouldn’t become too reliant on cash and that while he owns some Bitcoin there’s a danger that governments could destroy the crypto market.