RATE Group | Bridgewater Tycoon’s Gold Shilling Is Insanely Bullish for Bitcoin
54711
post-template-default,single,single-post,postid-54711,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bridgewater Tycoon’s Gold Shilling Is Insanely Bullish for Bitcoin

17 Jul Bridgewater Tycoon’s Gold Shilling Is Insanely Bullish for Bitcoin

Posted at 20:23h in Bitcoin News by

[ad_1]

When billionaire investor and hedge fund manager Ray Dalio speaks, people listen. After all, Dalio is the founder of Bridgewater Associates, the world’s largest hedge fund firm with assets under management of $160 billion. So when Dalio said that gold will become a top investment during a “paradigm shift” in global markets, the price of the yellow metal spiked. But he probably missed the fact that gold will have competition from bitcoin.

Ray Dalio Bets on Gold but Forgets Bitcoin

Dalio wrote in a LinkedIn post that too many people have invested in stocks and equities, which is why this asset class runs the risk of witnessing a drop in returns. In order to balance out their portfolio, investors will turn to assets such as gold. He wrote:

“Additionally, for reasons I will explain in the near future, most investors are…

[ad_2]

Source link

Tags:
, , , , , ,