The founder of hedge fund Bridgewater Associates, Ray Dalio, admitted last year that he had bitcoins in his portfolio. This week, however, the financier said that BTC will not become an effective means of payment.
Cryptocurrency will not be able to function like fiat money. Nevertheless, the billionaire is sure that the global financial system is under threat.
Central banks are turning on the printing press en masse and flooding the market with money. This policy is observed in most developed countries of the world, Dalio stressed in an interview with CNBC.