Ray Dalio is among the most successful hedge fund managers in US history. Having found his own fund Bridgewater Associates in 1975, he has managed billions of dollars in the following decades.
However, Dalio has never been a fan of Bitcoin. He has previously said that BTC’s volatility refrains it from acting as a medium of exchange and even asserted that the cryptocurrency “fails the purposes of money.”
Bitcoin fell in his scope recently when the asset started gaining massive chunks of value and broke above $18,000. This time, though, the prominent traditional investor seemed more open-minded, something he preached in his books.
Dalio admitted that he might be “missing something about Bitcoin.” In fact, he urged the community to make him understand as he would love to “be corrected.”