Billionaire Ray Dalio believes that cryptocurrencies can be outlawed

This will happen if the market capitalization and popularity of digital currencies continue to rise

07.02.2022 - 07:50

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1 min

What’s new? Ray Dalio, the founder of Bridgewater Associates, spoke on The David Rubenstein Show. As part of the interview, the entrepreneur opined that a number of countries will impose strict restrictions on digital assets, up to and including banning them altogether.

The full version of the interview on Youtube

What is the reason for the bans? Ray Dalio stressed that cryptocurrency users are easy to trace and transactions with digital assets are fraught with risks. Despite this, cryptocurrencies represent an alternative to traditional finance and may face outlawing in various regions of the world.

The billionaire also called cash “rubbish” and advised all market participants to diversify their investments in various assets and market types as much as possible. As for the billionaire’s personal portfolio, according to Dalio, investments in cryptocurrencies constitute “a tiny percentage” in it.

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