Bridgewater Associates Takes a Deeper Look into Cryptocurrencies
Posted on 01/28/2021
Bridgewater Associates is looking at cryptocurrencies for two new funds. Bridgewater’s Daily Observations is the firm’s daily newsletter sent by the CIOs to its clients. In the report, Ray Dalio warned that bitcoin could still lose most of its value. Dalio calls bitcoin, “One hell of an invention.”
Dalio also expressed concerns about storing bitcoin securely against cyber attacks.