Are regulators coming for bitcoin and other cryptocurrencies?
Ray Dalio, founder of the hedge fund Bridgewater Associates, thinks that the government take control of bitcoin if the virtual token generates mainstream success.
“I think at the end of the day if it’s really successful, they will kill it and they will try to kill it. And I think they will kill it because they have ways of killing it,” Dalio told Andrew Ross Sorkin Wednesday on CNBC.
Although he owns a smaller percentage of bitcoin compared to his gold holdings, Dalio believes it is a reliable alternative to cash.
At the time of this writing, bitcoin prices have been flirting with $48,000.
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