Governments Could Boycott Bitcoin, Billioner Ray Dalio Says "They've Outlawed Gold'
Ray Dalio, the Billionaire has made a warning statement about cryptocurrencies and said world governments could boycott Bitcoin.
Dalio has often spoken about the myth and debatable points in cryptocurrency and especially Bitcoin. And said that Bitcoin could be killed together
Highlighted Points
- Dalio has apprehension about the subject of Bitcoin and he thinks that Bitcoin is a threat to the government’s Monopoly.
- He also said the decentralized nature of Bitcoin is an issue.
- Despite making such comments about the cryptocurrency, the billionaire has some tokens of Bitcoin and Ether.
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The founder of ‘Bridgewater Associates’ the world's largest Hedger fund Ray Dalio, has appraised the investors in Bitcoin and other cryptocurrencies and said that the government, at the Global level could boycott them and can make them outlaw the currency.
He also added that this is a type of unregulated and decentralized digital currency. The current price of Bitcoin in the international market is about $46,900 that is about the 34 Lakh Rupees in India.
The reason behind taking the step back from his opinion was the chances of challenges that could face in the form of an alternate currency and the fear could be faced by the banks of the world.
Dalio has also said as “In History, they have outlawed Gold and Outlawed silver, and so on and hence they could also ban the Bitcoin. Every government wants to have a monopoly on its currency. The above-quoted statement is shown on the site of Bitcoin.com
In May, he also said that the government has a plan to strict the rules and regulations for functioning in the cryptocurrency. And hence the government can also restrict the use and can ban Bitcoin as well.
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Saylor, the person who can be counted in the list of billionaires has also compared Bitcoin from the Gold and hence also predicted the price of Bitcoin about $6 m, million in the future which is about Rs 45 Crore in Indian currency.
