Business
Ray Dalio calls Bitcoin ‘one hell of an invention,’ says it won’t ‘escape’ firm’s ‘scrutiny’ – Yahoo Finance Australia
‘Bitcoin looks like a long-duration option on a highly unknown future that I could put an amount of money in that I wouldn’t mind losing about 80% of.’
Bridgewater Associates, the world’s largest hedge fund, is looking at Bitcoin (BTC-USD) as an asset as investors seek alternatives to bonds and currencies.
The hedge fund behemoth weighed in publicly on Bitcoin for the first time in its “Daily Observations” note to clients on Thursday.
In note’s preamble, founder Ray Dalio said, Bitcoin looks like a long-duration option on a highly unknown future that I could put an amount of money in that I wouldn’t mind losing about 80% of.
That is what Bitcoin…
-
Business22 hours ago3 ASX 200 shares set to dominate the next decade
-
Business9 hours ago3 of the best ASX shares to buy with $5,000
-
Noosa News24 hours agoWallabies bolter Nick Champion de Crespigny to make Test debut in British and Irish Lions opener
-
General10 hours agoCoal Cover-up? Wilkie points to Glencore, Anglo, Peabody, MacBank