Watch out for Ray Dalio, king of hedge funds, on Bitcoin and crypto By Investing.com


By Laura Sánchez

Investing.com – Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, has warned that there is a danger that governments will determine by destroying the cryptocurrency market.

In statements to CNBCDalio acknowledged that he has some money invested in, but it is a small percentage compared to his investment in, which in turn is a small percentage with respect to his other assets.

The billionaire investor, considered the king of hedge funds and who has a fortune of 15.6 billion dollars according to the Bloomberg Billionaires Index, assures that governments do not want cryptocurrencies to succeed.

The world’s largest cryptocurrency has risen in value by more than 60% this year, but has come under heavy scrutiny from international regulators, concerned about how retail investors are acting on this type of investment.

“I think that if he is really successful, they will kill him or try to kill him. And I think they will kill him because they have ways of killing him,” Dalio emphasizes. CNBC.

In addition, this expert questions the prediction earlier this week by Cathie Wood, from Ark Investment Management, that Bitcoin will increase 10 times in five years: “This does not make sense to me,” he says.

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US regulators have stepped up their oversight of the cryptocurrency market as volatility from speculative markets is increasing. The president of the Securities and Exchange Commission (SEC), Gary Gensler, announced last Tuesday that the body is working to approve a set of measures that protect investors through better regulation of the thousands of new digital assets and coins.

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