Can Bitcoin Reach $1 Million? Billionaire Ray Dalio responds

Posted:

December 26, 2021 23:09 GMT

According to the entrepreneur, gold has an advantage over bitcoin and other digital resources such as non-fungible tokens, since it is “offline.”

American billionaire Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, made a prediction in an interview with YouTuber Lex Fridman podcast. chest This Saturday, the price of bitcoin will not reach a million dollars, as some supporters of the largest cryptocurrency claim.

“I don’t think it is possible,” the investor said, and asked if Bitcoin could grow to “very high numbers,” considering that last November 10 established Its all-time high and Exceeded $69,000 Per unit.

In the talk, Dalio said that gold remains his preferred asset for several reasons, in particular because it has an advantage in today’s world over bitcoin or other digital resources, such as non-fungible tokens (NFTs).), such as “Not connected“.

“Gold has been globally recognized for thousands of years as a source of money and it is The third source of money in central bank reserves And I don’t think Bitcoin will serve these kinds of purposes,” the entrepreneur emphasized.

On the other hand, Dalio confirmed that he considers bitcoin an alternative currency, although he predicts that there will be “many cryptocurrencies” and that “NFTs could become a form of money.” In this sense, the billionaire confirmed it so far They did not buy any NFT, though he admitted that he only wanted to do it as an “experiment”, just as he contemplates the possibility of minting one.

The Adventures of Elon Musk

On the other hand, Tesla CEO Elon Musk described plans to put a meme-inspired cryptocurrency on the moon as “nice.” “[Musk] I wanted to take a spaceship to put a plant and a watering can on Mars [llamándolo] The first life on Mars, as an inspiring concept, “recalls Dalio. In this sense, the businessman emphasized that the dog on the moon should be interpreted as something.”symbolic‘, while admitting that he would like to ask Musk what is behind these kinds of initiatives.

In May of this year, SpaceX and Canadian company Geometric Energy Corporation announced that they would launch a 40-kilogram satellite to the Moon in the first quarter of 2022 on a fully funded mission using the dogecóin cryptocurrency.