At end, of the day if bitcoin is successful, 'they'll kill it' says founder of world's largest hedge fund Dalio
“‘I think at the end, of the day if it’s really successful, they’ll kill it. And they’ll try to kill it. And I think they will kill it because they have ways of killing it. But that doesn’t mean it doesn’t have a place—a value and so on.’”
Ray Dalio, billionaire investor and founder of Bridgewater Associates, the world’s largest hedge fund, said that the more successful that bitcoin becomes, the more likely that it will get neutralized by governments and regulators supporting traditional monetary systems.
In an interview with CNBC on Wednesday, Dalio reiterated comments that he has made in the past, repeating that governments have the power to undercut the growth of the nascent cryptocurrency market, including bitcoin BTCUSD,
Dalio said that bitcoin may not “have intrinsic value” …
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