Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, warned in an interview with Yahoo Finance on the 25th that “Bitcoin ownership could be banned (by the government).”
He cited the U.S. government’s prohibition on the possession of gold in 1934 as a basis for bitcoin regulation. He explained that similar measures are likely to be repeated because the government values the monopoly right to issue money.
Dalio pointed out that the recent Indian government’s cryptocurrency regulation is also in this context. The Indian government announced on the 15th that it is reviewing a law banning the holding of cryptocurrencies. “The government can track and monitor cryptocurrencies,” he added. “I’m not a cryptocurrency expert, but I’m not sure if I can continue to act contrary to the government’s control, whether it’s a private wallet or not.”
Ray Dalio, however, gave a positive evaluation of the current value of Bitcoin. “Bitcoin has proven itself over the last 10 years,” he said. “Bitcoin is also a means of storing wealth, but it is also an advantage that it works like digital cash.”
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