Bitcoin is ‘an amazing accomplishment,’ but this exec thinks ‘they’ll kill it’

During a recent CNBC interview, the exec reiterated his position on Bitcoin. This, despite Dalio revealing his own holdings of the same in the past. While echoing the now-famous term “Cash is Trash,” he suggested that investors should look into portfolio diversification, rather than keeping their profits in cash.

Dalio has long been raising awareness about inflation and its direct consequences. On the contrary, Bitcoin is a deflationary asset that has outperformed most traditional assets over the years. According to the exec, in such a scenario, alternatives to cash and traditional assets are a “worthy consideration.” Even Bitcoin might be a “possibility,” he added.

It’s worth noting, however, that Dalio also claimed that Bitcoin’s success would be marred by regulatory pushback.

Source:ambcrypto.com