Billionaire Ray Dalio: I May Be Wrong About Bitcoin Against the background of the current rise in the price of bitcoin, critics who spoke unflatteringly about the first cryptocurrency a few days ago are beginning to wonder if they understand everything correctly. Billionaire and Bridgewater Associates founder Ray Dalio posted a series of tweets in which he admitted that he "might be missing something" about Bitcoin and asked to "fix" it.

Billionaire Ray Dalio: I May Be Wrong About Bitcoin

Against the background of the current rise in the price of bitcoin, critics who spoke unflatteringly about the first cryptocurrency a few days ago are beginning to wonder if they understand everything correctly. Billionaire and Bridgewater Associates founder Ray Dalio posted a series of tweets in which he admitted he "might be missing something" about Bitcoin and asked to "fix" it.

Dalio explained that he considers Bitcoin "not a very good" means of payment, because the spread of cryptocurrency in this capacity is still small. The reason for this, like the limitations for application bitcoin as means of accumulation, according to Dalio, there is high volatility.

“I can’t imagine large institutional investors or multinational companies using it. If I am mistaken about this occasion, I would like to be corrected, "he wrote.

Dalio's willingness to admit his mistake bribed Twitter users, many of whom tried to help the billionaire look at Bitcoin from a different angle..

Dalio made his last comment shortly after the interview, during which he stated: “Do I prefer bitcoin gold? No. Gold will be the instrument that central banks and the states will choose as an alternative to ordinary money ".

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