CoinDesk reported on Bridgewater’s plans to invest in cryptocurrencies

This could happen in the first half of 2022

22.03.2022 - 11:00

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What’s new? The world’s largest hedge fund, Bridgewater Associates, founded by billionaire Ray Dalio, plans to invest in the cryptocurrency industry. According to CoinDesk’s interlocutors, the fund has no intention of investing in crypto assets directly.

News on the CoinDesk website

What is known about Bridgewater’s plans? According to the publication’s interlocutors, the fund has no intention of investing in crypto assets directly. The company will back a third-party crypto fund, with the size of the investment being small relative to Bridgewater’s assets.

Some sources stated that Bridgewater will debut in the crypto industry in the first half of 2022.

“Bridgewater is looking to get involved. They are doing serious diligence: liquidity, service providers, and whatnot,” said one of the interlocutors.

Bridgewater Associates is the world’s largest hedge fund with $160 billion in assets under management. The fund is managed by billionaire Ray Dalio. In April 2018, his personal wealth was estimated at $17,4 billion.

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