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The founder of the hedge fund Bridgewater Associates, Ray Dalio, reiterated that a small amount of bitcoins is stored in his portfolio.
Last year, this financier pointed to the gigantic potential of cryptocurrency. According to him, the limited issue of BTC is the main factor that will support the value of the asset in the long term.
The dollar, by contrast, will depreciate. Moreover, Dalio did not rule out the devaluation of the US currency to the lowest level since 1971.
In an interview with CNBC this week, the founder of Bridgewater Associates reiterated that he has bitcoins. However, he did not disclose the number of coins in his portfolio. He only confirmed his position and noted that BTC should be considered as a hedging tool.
The billionaire criticized the Federal Reserve system for the fact that it literally floods the economy with money, which leads to a sharp increase in the US national debt.
Bitcoin can be called “digital gold”. If you invest at least part of your portfolio in cryptocurrency, you will be able to protect your savings from rising inflation, Ray Dalio emphasized.
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