Twitter’s Jack Dorsey Starkly Disagrees With Ray Dalio About Governments Killing Bitcoin

Twitter’s Jack Dorsey Starkly Disagrees With Ray Dalio About Governments Killing Bitcoin
фото показано с : zycrypto.com

2020-11-16 15:58

The better part of this week has been mainly bullish with the price of bitcoin zooming past $16,000. But despite the positive sentiment, billionaire hedge fund manager Ray Dalio doubled down on his skepticism towards the king of cryptos. During a recent interview, Dalio indicated that the coin’s price surging higher would only force governments to “outlaw” it.

Twitter CEO Jack Dorsey has shared his opinion on Dalio’s comments in a November 15 tweet.

Ray Dalio Believes Governments Will Kill Bitcoin When It Sees ‘Material’ Growth

This year has seen hedge fund legends like Paul Tudor Jones and Stan Druckenmiller jumping on the bitcoin bandwagon and endorsing the cryptocurrency as a dependable store of value. Yet, Ray Dalio, the founder of investment firm Bridgewater Associates, maintains his anti-crypto stance.

During the World Economic Forum in Davos, Switzerland earlier this year, the billionaire investing guru claimed “cash is trash” while advising investors to buy gold. His warning? Investors should keep off bitcoin as it is not effective as either a medium of exchange or a store of wealth.

In his latest interview, Dalio sounded the death knell for bitcoin and other cryptocurrencies once again. As ZyCrypto reported, this time he stated that governments are likely to go after bitcoin and other cryptocurrencies should they see “material” growth. “I don’t think digital currencies will succeed in the way people hope they would,” he added.

Is Dalio Right? ‘No’, Twitter’s Jack Dorsey Asserts

As expected, the crypto community came out guns blazing in response to Dalio’s remarks. DeFi developer Julien Bouteloup, for instance, postulated that the Wall Street tycoon was “doing his best to FUD $BTC so he can buy the dip & long Gold.”

The CEO of Twitter, Jack Dorsey has also chimed in with his own opinion. Dorsey responded to an article by leading industry publication CoinDesk that asked whether Dalio was right about authorities killing bitcoin with a resounding “No”. 

Notably, Ray Dalio and Twitter’s Jack Dorsey are on opposite sides of the bitcoin spectrum. Unlike Dalio who uses every chance he gets to bad-mouth the top cryptocurrency, Dorsey is an ardent supporter of bitcoin. The Twitter chief has constantly said that bitcoin is probably the best native currency of the internet. 

Jack Dorsey is also the CEO of fintech giant Square that recently purchased 4,709 bitcoins (worth $50 million at the time) which represented 1% of the firm’s total assets. The announcement on October 8 stated:

“Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose.”

Nonetheless, Bitcoin Continues To Shine

Despite the 50% crash that bitcoin saw in March, the cryptocurrency has recovered completely and heavily outperformed other asset classes. Bitcoin has gained over 110% on a year-to-date basis while gold is up only 24%.

More importantly, bitcoin has also outshined Dalio’s Bridgewater fund. Grayscale CEO Barry Silbert pointed out that the YTD returns for Bridgewater Pure Alpha II Fund stand at -18%. Bitcoin recorded a 115% gain over the same timeframe.

BTC is changing hands at $16,067.60 at press time, up 1.38% on the day. 

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Источник: zycrypto.com

ray dalio → Результатов: 50


Рэй Далио: Биткоин не достигнет того успеха, который от него ждут

Основатель и инвестиционный директор Bridgewater Associates Рэй Далио (Ray Dalio) выразил мнение, что принятие биткоина в качестве валюты вряд осуществимо. Во время интервью на Yahoo Finance Далио отметил, что, теоретически, биткоин может выступать в качестве валюты, но он слишком волатилен для хранения богатства и обладает значительными недостатками.

2020-11-12 15:51


Фото:

Рэй Далио: «биткоин вряд ли оправдает надежды энтузиастов»

Основатель и инвестиционный директор Bridgewater Associates Рэй Далио (Ray Dalio) выразил мнение, что принятие биткоина в качестве валюты вряд осуществимо.

2020-11-12 11:29


Is Ray Dalio a Bitcoiner? Hedge Fund Manager says The System is Broken & Central banks’ Attempts are “Futile”

Just a few days after the Federal Reserve cut interest rates for the third time this year and the US national debt hit $23 trillion for the first time, billionaire hedge fund manager Ray Dalio released yet another LinkedIn post titled, “The World Has Gone Mad and the System Is Broken.” According to Dalio, it […]

2019-11-7 20:17


Ray Dalio Says ‘World Has Gone Mad’ and Bitcoin Crowd Cheers

Ray Dalio is making many friends in the crypto community after sounding the alarm about the perilous conditions in the financial system. In a post entitled “The World Has Gone Mad and the System Is Broken,” the billionaire hedge fund manager outlines why something has to give amid unsustainable circumstances comprised of free money, government […] The post Ray Dalio Says ‘World Has Gone Mad’ and Bitcoin Crowd Cheers appeared first on CCN.com

2019-11-6 03:54


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