Dalio's Bitcoin Endorsement: A Misguided Effort at Risk Mitigation Ray Dalio, founder of Bridgewater Associates, has made a surprising shift on Bitcoin.
The billionaire investor once dismissed it as a "bubble" but now recommends holding a small amount to mitigate risk. His rationale is misguided, and his endorsement raises more questions than answers.
Dalio's change of heart comes at a time when economies worldwide are grappling with debt and deficit problems. He believes non government produced money like Bitcoin can help navigate this risk.