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Investing Giant Ray Dalio Says 'Good Probability' Bitcoin Will Eventually Be 'Outlawed'

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Investing Giant Ray Dalio Says ‘Good Probability’ Bitcoin Will Eventually Be ‘Outlawed’

Ray Dalio, billionaire investor and founder of Bridgewater Associates, said in a recent interview with Yahoo! Finance that there is a “good probability” governments will eventually outlaw bitcoin, citing the gold bans in the 1930s as precedent. Is bitcoin too big to ban?

Investing Giant Ray Dalio Says 'Good Probability' Bitcoin Will Eventually Be 'Outlawed'

By CoinDesk Staff

Mar 25, 2021 at 6:46 p.m. UTC

Mar 25, 2021

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BTCChina Support Gives BIP 100 Bitcoin Hashrate Majority

BTCChina has backed Jeff Garzik's block size scaling solution, giving BIP 100 a majority of the network's hashing power.

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By Grace Caffyn

Aug 27, 2015 at 1:03 p.m. UTC

Aug 27, 2015

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BTC China Adds Mining Pool and Merchant Payment Services

BTC China has expanded its range of services to include a mining pool and payment processing for merchants.

BTC China mining pool

By Jon Southurst

Oct 20, 2014 at 8:14 a.m. UTC

Oct 20, 2014

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China's Market Dominance Poses Questions About Global Bitcoin Trading Flows

Chinese exchanges and yuan trades now dominate bitcoin markets, as macro factors and fee structures pump up volumes.

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By Joon Ian Wong

Sep 27, 2014 at 5:06 p.m. UTC

Sep 27, 2014

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Yuan Trades Now Make Up Over 70% of Bitcoin Volume

The majority of bitcoin transactions over the last 30 days came from yuan trades, it has been announced.

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By Nermin Hajdarbegovic

Sep 5, 2014 at 3:04 p.m. UTC

Sep 5, 2014

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OKCoin Reveals BTC Reserves of 104% as China's Exchanges Undergo Audits

Following accusations that China's top exchanges were fractional-reserve businesses, OKCoin's audit shows it holds 104.86% of customer bitcoins.

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By Jon Southurst

Aug 22, 2014 at 12:51 p.m. UTC

Aug 22, 2014

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China's 'Big Three' Bitcoin Exchanges: BitLicense Would Harm Overseas Markets

The CEOs of China's three biggest bitcoin exchanges have sent a joint letter commenting on the BitLicense proposal.

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By Jon Southurst

Aug 21, 2014 at 3:17 a.m. UTC

Aug 21, 2014

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BTC China Launches USD, HKD Bitcoin Trading Accounts

The China-based cryptocurrency exchange has added support for USD and HKD deposits and withdrawals to attract international customers.

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Jul 21, 2014 at 5:00 p.m. UTC

Jul 21, 2014

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Gallery: Inside Bitcoins Hong Kong Unites International Industry in Asia

CoinDesk provides a visual recap of the recent Inside Bitcoins conference held in Hong Kong.

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Jun 27, 2014 at 5:00 p.m. UTC

Jun 27, 2014

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Private China Meeting Unites Bitcoin Mining Industry Leaders

Representatives from China's mining industry held a three-day gathering in Shenzhen this week.

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By Jon Southurst

May 29, 2014 at 3:30 a.m. UTC

May 29, 2014

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