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Ray Dalio does 180 on Bitcoin, calls it ‘one hell of an invention’

Published 01/28/2021, 12:57 PM
Updated 01/28/2021, 02:40 PM
Ray Dalio does 180 on Bitcoin, calls it ‘one hell of an invention’
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Ray Dalio, the famed founder of Bridgewater Associates, called Bitcoin (BTC) “one hell of an invention,” adding that he’s considering digital-asset investing for clients wishing to protect against currency debasement.

In a note to clients that was obtained by Bloomberg News, Dalio called Bitcoin’s store-of-value characteristics an “amazing accomplishment” and one of the few “alternative gold-like assets at this time of rising need for them.”

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