Business News Asia
Ray Dalio, an American billionaire investor and hedge fund manager and considered one of the most successful people of all time sees Bitcoin as the gold of the new generation.
In March, Ray Dalio speculated that the government could ban crypto investments and that Bitcoin would be banned by the US government. It is the most serious competitor of fiat currencies, but he does not believe that the largest cryptocurrencies will be banned from the world.
While billionaires believed the U.S. government could regulate Bitcoin the same way Franklin D. Roosevelt regulated gold ownership in 1933.
Ray Dalio stated that he bought a small amount of Bitcoin. He said that he still prefers gold to Bitcoin because gold is tangible and can be stored for thousands of years.