Ray Dalio says ‘cash is trash’ and makes the case for crypto, but warns governments might kill i …

ray dalio says cash is trash and makes the case for crypto but warns governments might kill it

Sumary of Ray Dalio says ‘cash is trash’ and makes the case for crypto, but warns governments might kill it:

  • Breadcrumb Trail Links FP Finance Cryptocurrency Billionaire says he owns some Bitcoin and thinks governments don’t want crypto to succeed Author of the article: Bloomberg News Donald Moore and Katherine Burton Publishing date: Sep 15, 2021 • 21 minutes ago • 1 minute read • Join the conversation Ray Dalio says he has invested in Bitcoin.
  • Photo by David Paul Morris/Bloomberg files Article content Ray Dalio warned that investors shouldn’t become too reliant on cash and that while he owns some Bitcoin there’s a danger that governments could destroy the crypto market.
  • Article content “First, know cash is trash, so don’t keep it in cash,” Dalio, the founder of US$150 billion Bridgewater Associates, told CNBC Wednesday.

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