Back in January 2021, Dalio had described Bitcoin as "one hell of an invention," writing on Bridgewater's website:
The billionaire also said BTC had established a reputation as a compelling "alternative gold-like asset" — and said there was a "rising need" for assets that were limited in supply because of high levels of debt and quantitative easing in the global economy. "Since the way Bitcoin works is fixed, it won't be able to evolve and I presume that a better alternative will be invented and pass it by. I see that as a risk."
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