In brief
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$96,583.00
2.19%$1,830.72
1.34%$2.13
1.04%$604.46
0.87%$146.12
0.36%$0.999965
-0.00%$0.172562
1.66%$0.677486
1.84%$0.243997
-0.81%$1,829.86
1.34%$96,610.00
2.48%$3.37
-0.46%$13.85
1.94%$19.78
-0.23%$0.260421
0.44%$8.73
0.77%$2,197.62
1.41%$0.999869
-0.01%$0.00001276
0.68%$3.00
-0.54%$0.175615
0.61%$369.30
2.69%$21.05
3.81%$91.76
11.41%$3.95
1.31%$289.08
1.97%$1,830.76
1.30%$0.999794
0.00%$4.31
0.30%$1.00
-0.01%$96,703.00
2.34%$1,951.04
1.35%$0.581288
-1.22%$28.15
-1.32%$0.00000803
0.51%$366.40
-1.46%$50.86
0.13%$4.91
-0.61%$4.73
-3.60%$1.00
0.00%$1.05
0.01%$2.30
-1.20%$0.863148
-0.51%$0.091828
3.72%$21.37
-0.22%$173.96
0.94%$4.64
1.42%$16.25
1.61%$0.70959
-0.76%$29.81
-0.09%$0.089548
-5.59%$10.96
-0.27%$4.18
-4.33%$0.02480587
-0.27%$0.999456
-0.05%$1.17
0.11%$96,717.00
2.76%$0.219908
-0.45%$4.30
0.17%$4.11
1.05%$0.690584
3.30%$0.199395
0.16%$2.57
-1.76%$0.509461
-1.21%$0.269747
0.22%$0.998714
-0.05%$4.10
0.61%$2.35
-1.57%$0.305894
-1.24%$10.76
-0.32%$96,346.00
1.93%$0.949681
5.99%$0.00001686
-3.78%$0.843692
8.19%$87.80
5.40%$1.24
-0.52%$1,484.04
-3.15%$0.01890361
3.34%$0.417013
-3.33%$153.26
0.66%$0.073553
-0.21%$1,830.72
1.34%$0.700306
0.07%$1.00
-0.01%$1,906.23
1.33%$3.72
1.06%$0.195895
-2.51%$0.601978
-5.56%$0.994101
-13.31%$0.528085
-4.26%$1.43
-14.99%$9.38
0.55%$0.677129
-0.31%$0.999312
-0.06%$0.999756
0.02%$15.15
0.39%$0.090553
-0.77%$2,074.12
1.34%$3,391.29
0.48%$3,392.24
0.41%$0.999864
-0.01%$0.198083
-1.82%$604.61
0.91%$96,408.00
1.98%$188.62
0.43%$161.71
0.39%$0.01538124
-1.91%$96,326.00
2.47%$95,865.00
1.97%$0.0000766
-1.46%$36.62
-0.93%$0.716881
-1.43%$0.568156
-3.76%$0.783186
-0.02%$0.702141
-0.05%$2.41
1.99%$0.01113482
-6.50%$1,948.60
1.38%$0.00000069
-1.22%$3.71
-2.37%$0.0150549
-1.32%$0.27111
-1.47%$0.998423
0.02%$0.109956
-2.36%$1.98
-0.85%$0.999733
0.38%$37.95
4.44%$17.85
1.33%$1.10
-0.58%$1,916.23
1.41%$0.368387
-2.11%$0.01721278
6.01%$0.565523
-0.24%$0.538103
0.05%$0.293652
-1.87%$0.052765
-0.45%$102,275.00
4.58%$3.21
0.11%$1.56
-3.33%$0.998495
0.01%$1,911.45
1.13%$0.00535619
-1.31%$96,583.00
2.33%$0.599467
0.27%$0.999879
-0.01%$0.132378
-4.23%$0.443014
4.87%$0.066816
-1.88%$110.95
0.01%$0.00835986
-2.91%$0.9999
-0.01%$96,722.00
2.93%$0.494654
-5.91%$0.389389
-2.53%$1.26
1.77%$95,581.00
4.44%$0.172205
1.55%$6.75
-3.41%$0.557999
-4.30%$15.18
-2.12%$0.171038
-6.98%$1,831.57
1.32%$0.00002094
-2.51%$1.49
-0.23%$0.132391
2.47%$0.00000041
-0.95%$1.085
0.01%$0.1628
-8.01%$1.00
-0.05%$0.153812
8.71%$1,948.16
1.32%$1,830.65
1.35%$0.486565
-0.69%$0.395611
0.29%$5.51
2.18%$0.00736007
-1.88%$0.00556097
-10.20%$0.03918183
-0.81%$1.80
-28.90%$2.32
-0.19%$0.387248
-5.24%$1,830.94
1.31%$1.49
-6.12%$1,830.04
1.46%$0.071362
-1.24%$0.219727
-0.61%$32.43
0.21%$1.34
-2.80%$0.999108
-0.09%$21.53
-0.45%$0.07693
-2.25%$38.55
-0.23%$2.87
-3.62%$0.170143
-2.64%$0.0040188
0.98%$0.01753977
-0.35%$0.03382025
-3.58%$1,872.38
2.09%$0.3449
-3.09%$0.999419
-0.08%$0.00005853
-1.12%$0.999976
0.04%$0.999906
-0.01%$0.99991
-0.00%$0.759938
-1.51%$0.486263
-1.87%$96,518.00
2.18%$0.676175
-1.72%$21.10
4.05%$0.00000147
2.15%$0.298596
2.82%$0.651836
-0.75%$1,820.74
1.12%$97,478.00
3.44%$3,393.41
2.31%$110.04
0.67%$0.257114
-8.02%$0.00278745
1.97%$0.999742
0.03%$1.12
33.10%$19.77
-0.36%$2.43
-2.47%$0.21838
-2.64%$0.127803
-4.11%$0.189932
-2.08%$2.79
-0.53%$1,938.89
1.40%$0.03086944
0.43%$0.45089
-13.16%$1.097
0.02%$0.520605
-1.46%$3.15
9.23%$21.09
-3.57%$0.00000065
3.05%$0.252474
-2.92%$0.235785
24.24%$1,938.61
2.14%$2,009.59
1.32%$1.52
0.87%$0.999334
-0.00%$14.80
1.21%$0.999906
0.06%$0.03503476
-3.05%$1,994.68
1.33%$95,044.00
2.43%$1,830.98
1.36%$0.997213
-0.24%$1.14
0.34%Reading
Is billionaire investor Ray Dalio finally going to invest in Bitcoin after spending so long slating it? If his latest newsletter is anything to go by, it could be a possibility.
In a note published today, “What I think of Bitcoin,” Dalio, who runs the world’s biggest hedge fund, Bridgewater Associates, said the cryptocurrency is “one hell of an invention.” He also said that the fact that investors are still interested in the currency, 10 years after it was conceived, is “an amazing accomplishment.”
Dalio added: "... I and my colleagues at Bridgewater are intently focusing on alternative storehold of wealth assets, and Bitcoin won't escape our scrutiny."
The hedge fund manager has come a long way since he said Bitcoin was “so volatile” and therefore unsuitable as a storehold of wealth; just last year, Dalio said that governments would likely outlaw the currency.
He’s not the only one to have voiced those opinions: this week, ex-Goldman Sachs CEO Lloyd Blankfein said regulators are likely getting ready to control Bitcoin.
But today Dalio hinted that Bridgewater would consider investing in it—or other similar alternative assets.
“I am eager to be corrected and learn more,” the note read, after Dalio said that the asset could potentially lose 80% of its value. Nevertheless, the famed investor confirmed that Bridgewater is taking a very close look at Bitcoin as a potential alternative store of value.
Bitcoin isn’t a good alternative asset because governments will eventually outlaw it, according to billionaire investor Ray Dalio. The biggest cryptocurrency by market cap is also problematic because of its volatility and the inability to spend it on everyday goods, Dalio said in an interview with Yahoo Finance over the weekend. Dalio, who runs the world’s biggest hedge fund, Bridgewater Associates, said in the interview that he instead expects the world to increasingly turn to central bank di...
Dalio did add, however, that he was worried about the potential of Bitcoin hacks, saying “it would be naïve to be totally comfortable that digital assets can’t be hacked, which is one of the advantages of gold-like assets and is one of the risks of all financial assets.”
Dalio is the latest traditional finance bigwig to show interest in Bitcoin as a safe haven bet or protection against the debasement of the dollar.
Along with tech companies like PayPal and MicroStrategy, hedge funds and asset managers are keeping a close eye on, or investing, in the cryptocurrency.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Ethereum layer-2 startup Movement Labs has cut ties with co-founder Rushi Manche, capping a turbulent week of governance scandals, market maker fallout, and mounting community pressure. “Movement Labs has terminated Rushi Manche. Movement will continue under different leadership,” the team posted early Wednesday on X. Within minutes, the platform announced the launch of Move Industries, a new company rising from the wreckage of the project. The new team described the shift as a return to “crypt...
Japan’s Metaplanet Inc. added another 555 Bitcoin to its treasury late Tuesday, just as China confirmed it would resume trade talks with the U.S., while laying out firm conditions for engagement and warning against “coercive and blackmailing tactics.” The Tokyo-listed firm disclosed it spent $49.6 million (¥7.67 billion) on the latest acquisition, bringing its total Bitcoin holdings to 5,555 BTC, worth over $482 million at current prices. The purchase is part of Metaplanet’s broader strategy t...
Bitcoin-backed loans are now available for Strike's American customers, the payment app's CEO announced Tuesday. Strike boss Jack Mallers posted a video on X explaining the new service. Customers from a total of 26 U.S. states are eligible to secure loans starting from between $75,000 to $100,000, depending on the state, the firm's website says. Mallers said that the service will soon be available in other regions, including Europe. Announcing Strike Lending You shouldn’t have to sell the bes...