Lawrence Lewitinn
Lawrence Lewitinn
Managing editor, global capital markets and host of First Mover @CoinDeskSource
United States
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Hedge Fund Billionaire Ray Dalio: ‘I Have Some Bitcoin’

Hedge Fund Billionaire Ray Dalio: ‘I Have Some Bitcoin’

Concerns about a looming global debt crisis have taken the world’s top hedge fund manager from doubting to dabbling in it. Bridgewater Associates founder Ray Dalio said the U.S. dollar is on the verge of devaluation on a level last seen in 1971 and that China is threatening the greenback’s role as the world’s reserve currency. In such an environment bitcoin, with its gold-like properties, looks increasingly attractive as a savings vehicle, said Dalio, whose firm started 2021 with $101.9 billion in assets under management, making it . “Personally, I’d rather have bitcoin than a bond” in an...

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Lawrence Lewitinn
May 24
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