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Billionaire investor Ray Dalio says there's a good chance the US will outlaw bitcoin altogether - just like it once banned gold

Billionaire investor Ray Dalio says there's a good chance the US will outlaw bitcoin altogether - just like it once banned gold

EditionAUSMar 25, 2021, 1:22 PMRay Dalio, the founder of the world’s biggest hedge fund, has raised concerns the US government could ban bitcoin altogether if it becomes too successful.Dalio the history of money suggested policymakers would want to stamp down on alternative currencies that could challenge the dominance of the dollar.“I think that it would be very likely that you will have it under a certain set of circumstances outlawed the way gold was outlawed,” he said, referring to the government’s move to ban people from privately holding gold in the 1930s.Dalio told Yahoo’s...

Mar 25
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Janet Yellen suggests 'curtailing' cryptocurrencies such as Bitcoin, saying they are mainly used for illegal financing | Markets Insider

Janet Yellen suggests 'curtailing' cryptocurrencies such as Bitcoin, saying they are mainly used for illegal financing | Markets Insider

Harry RobertsonTreasury secretary nominee Janet Yellen suggested the Joe Biden administration could be tough on Bitcoin and cryptocurrencies after huge price rises.Janet Yellen, President-elect Joe Biden's nominee for treasury secretary, suggested on Tuesday that lawmakers "curtail" the use of cryptocurrencies such as bitcoin over concerns that they are "mainly" used for illegal activities.There has been a surge in interest in bitcoin; its price has soared by about 300% in the past year. was down 7.59%, to $34,183.57, on Wednesday, while was down 9.74%, to $1,259.97, after of more than...

Jan 20
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World Bank warns global economy could be heading for a 'lost decade' of growth after the coronavirus pandemic | Markets Insider

World Bank warns global economy could be heading for a 'lost decade' of growth after the coronavirus pandemic | Markets Insider

The coronavirus pandemic will cause "lasting damage" to the world economy and could even lead to a "lost decade" of growth, according to a gloomy report from the World Bank.Although the global economy is set to recover sharply this year, it will still be around $4.7 trillion smaller than pre-pandemic projections, the international organization said.Global GDP contracted by 4.3% last year, as COVID-19 led governments to all but shut down economies, according to the .It is expected to grow 4% next year, as aid a return to normal life. Nonetheless, the global economy will be around 5.3%...

Jan 6
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