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…
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