Weltgrößte Hedge-Fonds-Gründer: Bitcoin ist ein ‚Bubble’

The founder of the world’s largest hedge fund he believes that there’s a bubble in the bitcoin market.

Ray Dalio is the founder of Bridgewater Associates, which according to recent rankings is the biggest hedge fund by total assets under management. Per its website, Bridgewater manages around $160 billion in assets.

Dalio, who appeared on CNBC’s Squawk Box this morning, said that he doesn’t think bitcoin isan effective storehold of wealth”, comparing it unfavorably to gold.

He said in the interview:

It’s not an effective storehold of wealth because it has volatility to it, unlike gold. Bitcoin is a highly speculative market. Bitcoin is a bubble.

While he noted that bitcoincould be a currency,” Dalio argued that a mix of market speculation and the lack of broader adoption is getting in the way

It’s a shame, it could be a currency. It could work, conceptually, but the amount of speculation that is going on and the lack of transactions [prevent it],” er sagte.

Dalio went on to add that the privacy aspects of bitcoin it difficult to accept as a currency as well, asserting “people won’t know what you’re doing.

His comments come as cryptocurrency markets recover from regulatory developments in China, which have seen officials there increasing their scrutiny in the exchange space, trigging a raft of closures and policy changes. Zum Zeitpunkt der Drucklegung, the price of bitcoin is trading at roughly $3,984, per CoinDesk’s Bitcoin Price Index (BPI).

Bild-Kredit: Valeriano DiDomenico/World Economic Forum

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Quelle: Coindesk