Billionaire Ray Dalio: “If Bitcoin Succeeds, They Will Kill It”

As Bitcoin continues its fight for over $ 47,000, statements from famous billionaires continue to pour in.

The harsh remarks by SEC Chairman Gary Gensler on cryptocurrencies and exchanges in the Senate show that regulators have increased their time in cryptocurrencies.

Billionaire Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, evaluated the latest developments and legal regulations on the Bitcoin front in the Squawk Box program he attended.

Thinking that regulators wouldn’t want Bitcoin to be a success, Dalio said that if it succeeds, they will kill it.

Dalio explains:

“You got India and China to get rid of him. You have El Salvador. How the United States can regulate and control this area is now being discussed.

Historically, there are many things that are valued because people value them and they have no intrinsic value. Like tulips in Holland.

In my opinion, you need to evaluate all products that are alternatives to cash and other financial assets. Bitcoin is a possibility. I also have some money in Bitcoin.

Bitcoin has stood the test of time, getting to where it is today. This is an incredible achievement.

I think if Bitcoin is really successful at the end of the day, they will kill it or try to kill it. I think they can kill him because there are ways to kill him. “

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