Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios
The founder of the world's largest hedge fund says bitcoin can form part of a diversified portfolio, though he may still prefer gold.
Much of Ray Dalio’s investment philosophy may already sound familiar to the hardest of hard-nosed bitcoiners.
John Dalby is leaving the hedge fund founded by Ray Dalio to become CFO of NYDIG.
The Series B round values the firm at $500 million.
The Bridgewater Associates founder said Wednesday that bitcoin has "proven itself" but could face something akin to the 1930s ban on owning gold.
"Bitcoin looks like a long-duration option on a highly unknown future," the Bridgewater Associates founder said.