Although the billionaire did not state the price point that may force the government to restrict cryptocurrencies, Dalio believes cryptos may not succeed like the world expects.
Over time, Dalio’s opinion of Bitcoin has triggered comments from some government executives. The incumbent president of the US, Donald Trump, once said that he is not a fan of Bitcoin or altcoins. In a tweet posted in July 2019, Trump referred to digital assets as “highly volatile and based on thin air.”
Cointelegraph noted that Bridgewater controls $148 billion in assets under management as of September 2020. The report further added that Bitcoin is prone to more risk, especially as less than 3% of its total market value is gold.
