Ray Dalio Doesn’t Understand Bitcoin

Ray Dalio, co-chief investment officer of Bridgewater Associates, one of the world’s largest hedge funds, owns some Bitcoin, but in an interview with CNBC on Wednesday he demonstrated that he still doesn’t understand or believe in it as a superior store of value to gold.

Dalio believes that governments can kill the globally distributed Bitcoin Network, but he has not commented on how that could be possible.

“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 Sorkin on CNBC’s “Squawk Box” at the SALT conference in New York.



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