American billionaire Ray Dalio expressed concern that countries such as India and China have stifled the growth of Bitcoin, the world’s most valuable cryptocurrency. Earlier this week, the 72-year-old former co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, said in an interview that he fears that if Bitcoin becomes more popular, global regulators will try to stifle this encryption. currency. The business tycoon also said that although digital currencies were not fully used in the past, he has converted part of his investment portfolio to Bitcoin.
According to a report by the portal CryptoPotato, Dalio believes that countries such as India and China are trying to “get rid of” cryptocurrencies. Although China has banned the trading and trading of digital currencies, India is still unstable in securing the future of cryptocurrencies.
“I think in the end if it (Bitcoin) really succeeds, they (global regulators) will kill it, they will try to kill it,” the report quoted Dario as saying.
The well-known investor further emphasized that given the continuing uncertainty in the market, people must have sufficient portfolio diversification before entering the cryptocurrency field. He emphasized that investors ensure the safety of funds in the form of gold or other high-value commodities.
Although the European Central Bank President Christine Lagarde and other voices against cryptocurrencies question the credibility of cryptocurrencies, digital financial tokens are witnessing the enthusiasm of traders and investors around the world.
The billionaire investor said last month that Bitcoin is similar to digital gold. Dario believes that continuous evaluation of your investment is the key. He further recommends avoiding buying assets like Bitcoin just because of the temporary prosperity of Bitcoin. “Be careful what you put your money into,” he said.
Earlier this month, El Salvador became the first country in the world to make Bitcoin and the U.S. dollar a legal tender.
The decision was welcomed by Ethereum co-founder Charles Hoskinson, who predicted that more countries will follow the example of this Central American country and adopt Bitcoin, the world’s largest cryptocurrency.
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