Billionaire Ray Dalio, founder of Bridgewater Associates, has made a notable shift in his stance on Bitcoin. He previously dismissed Bitcoin as an effective currency or a good store of value. However, he has recently expressed his support for Bitcoin, emphasizing the importance of owning hard assets like gold and Bitcoin instead of debt assets like bonds.
“I want to stay away from debt assets and own some hard assets like gold and Bitcoin,” Dalio said. The shift reflects a fresh and positive view of Bitcoin’s potential to protect asset value in a volatile economic environment.
Looking ahead, Bitcoin could become an important part of many investors’ portfolios, given its ability to protect value and its growth potential. Backing from prominent investors like Ray Dalio could boost broader confidence and acceptance in Bitcoin, opening up new opportunities for the cryptocurrency market.