Dalio cited the main reason behind his opinion, saying that bitcoin itself could become a dangerous alternative currency, challenging the authorities of central banks around the world. Bitcoin.com published Dalio’s statement in its report, in which he said “in history, he [सरकारों ने] Illegalize gold and silver, and so can they outlaw bitcoin.”
Billionaire Ray Dalio has been consistently skeptical about the development of crypto, despite admitting to having Bitcoin and Ether in his large portfolio.
In May 2021, he stated that the success of cryptocurrencies would usher in a number of stricter regulations in the financial sector. Then in September, he said that if bitcoin turns out to be a major breakthrough, regulators will shut down the cryptocurrency.
The 56-year-old industrialist reportedly holds at least 17,732 bitcoin tokens, which are currently worth around $860 million (approximately Rs 6,468 crore).