published:
September 15, 2021 at 16:45 GMT
The investor believes the authorities have the tools to take control of the world’s most popular digital currency. Although he acknowledges that this is a good alternative to cash.
U.S. investor and billionaire Ray Dalio predicts that financial regulators around the world will end up taking control of Bitcoin, causing its consequent destruction, should the digital currency come to be used by large masses globally.
“I think in the end, if it’s really successful, [los reguladores] they are going to kill him, “the financier said in a conversation with CNBC’s ‘Squawk Box’ program, which aired on Wednesday. He added that” they will try to kill him. And I think they’re going to kill him because they have the means to kill him“.
“You have the Savior adopting and you have India and China getting rid of him. And you have the United States talking about how to regulate him and [el bitcóin] it can still be controlled “.
On the other hand, the tycoon pointed to the lack of intrinsic value of the world’s most popular virtual currency, noting that this it has no fundamental and objective value.
“There are so many things, from a historical perspective, that didn’t have intrinsic value, but they had perceived value. And then they had their ups and downs. It can be either way. They just have to know what it is. It can happen. as with tulips in Holland, ”he argued.
However, Ray Dalio described the electronic asset as a convenient option in the face of cash. And he even acknowledged that Bitcoin is part – albeit in much smaller proportions than gold – of his investment portfolio.
“I think it’s worth considering all the alternatives to cash as well as all the alternatives to other financial assets. Bitcoin is a possibility. I have a certain amount of money in bitcoins“, He confessed. And he added:” It is an amazing success to have taken it from where this programming took place to where it is, through the test of time. “
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