Ray Dalio, the founder of Bridgewater Associates – one of the largest hedge funds on earth with $150 billion in assets under management – recently told CNBC’s Squawk Box that Bitcoin may be like digital gold.

He compared the world’s most influential cryptocurrency to rare commodities like precious metals saying, “Cryptocurrencies and blockchain’s great. I think a digital gold, which would be a Bitcoin type of thing is something that, probably in the interest of diversification of finding an alternative to gold, has a little spot relative to gold and then relative to other assets.

“I think that we’re in an environment where we’re going to ask ‘what is the new money?’… meaning fiat currencies, and when we look at currencies, you hold currencies in the form of a debt.

“Cash is still trash…”

See the CNBC/Dalio interview HERE

Source: https://cryptobriefing.com/ray-dalio-likens-bitcoin-digital-gold/