Governments around the world can ban Bitcoin, find out why this veteran said so …

Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, has warned crypto investors around the world that Bitcoin could be boycotted globally. Speaking on the Investor’s Podcast Network podcast, Dalio said that governments around the world can ban Bitcoin in a way that they can. Bitcoin is a decentralized and unregulated digital asset, currently trading at $ 46,939 (roughly Rs. 34.92 lakh) on global exchanges.

Governments around the world can ban Bitcoin

Dalio cited the main reason behind his opinion, saying that bitcoin itself could become a dangerous alternative currency, defying central bank authorities around the world. Bitcoin.com has Report In Dalio’s published statement, in which he said “In history, he [governments] They illegalize gold and silver, and they can also ban bitcoin. “

in your wide portfolio Bitcoin Y ether Billionaire Ray Dalio has consistently been skeptical of the development of cryptocurrencies, despite admitting that he keeps them.

In May 2021, he said that cryptocurrency Its success will usher in many stricter regulations in the financial sector. Then in September, he said that if bitcoin turns out to be a breakthrough, regulators will shut down the cryptocurrency.

The 56-year-old industrialist reportedly has at least 17,732 bitcoin tokens, which are currently worth around $ 860 million (roughly Rs 6,468 crore).

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