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Title : Now Billionaire Hedge Fund Managing Director Calls Bitcoin A Bubble
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Now Billionaire Hedge Fund Managing Director Calls Bitcoin A Bubble

Ray Dalio, who heads the $160 billion Bridgewater Associates, says bitcoin is a bubble.

“It’s real much speculative. People are thinking, ‘Can I sell it at a higher price,’ then it’s a bubble,” he said inward an interview this forenoon on CNBC.

“With bitcoin, you lot can’t brand much transactions inward it as well as you lot can’t pass it real easily,” he said. “It’s non an effective shop concur of wealth because it has volatility dissimilar gold."

 -RW

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