Ray Dalio: “I’m very interested in NFTs” – Bits Media

Billionaire and founder of Bridgewater Associates Ray Dalio once again expressed his positive attitude towards cryptocurrencies and spoke, that he is interested in the field of collectible tokens (NFT).

During a podcast with Lex Friedman (Lex Fridman) cryptocurrency enthusiast called Bitcoin as “alternative money” and emphasized, that fiat money will come under pressure in the near future. Competition between means of payment will increase, Moreover, Bitcoin is also threatened by competing assets.

“Bitcoin will be part of this competition. There will be a lot of different money, and not only cryptocurrencies", – Ray Dalio noted (Ray Galio).

In his opinion, collectible tokens will also contribute. For 2021 year NFTs gained enormous popularity and, although the billionaire has not yet invested in them, this area is extremely interesting to him.

“I definitely want to buy an NFT. This area is already developing, she is real", He said.

At the same time, Dalio prefers gold as an asset for storing wealth., since the valuable metal was recognized as a store of value thousands of years ago. There is another advantage of gold over Bitcoin - transactions in the blockchain of the first cryptocurrency are available for everyone to view, but tracking the purchase and movement of gold is much more difficult.

The founder of Bridgewater Associates also said, What does Bitcoin not represent? $1 million, because then the capitalization of the first cryptocurrency will be about $20 trillion, which is twice as much, than gold. He simply cannot imagine such a situation.

Dalio previously said, What should any investor invest in cryptocurrencies?. According to him, digital assets are an excellent tool for portfolio diversification.