Bridgewater’s Ray Dalio is frustrated by the media’s soundbite portrayal of his views about Bitcoin, so he published an article, “What I really think of Bitcoin“. While he considers himself a non-expert in this area, his analysis is elegant in its simplicity.
He refers to Bitcoin as “one hell of an invention”, which he says “like creating the existing credit-based monetary system, is of course a type of alchemy—i.e., making money out of little or nothing.”
Dalio believes Bitcoin has evolved from a speculative idea to one that will “probably” stick around and “probably” have some value in the future.
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