Hedge fund legend Ray 'cash is trash' Dalio ditches bonds for Bitcoin as losses hit $12bn
Ray Dalio (source: WKP)
“I have some Bitcoin, and I have a very particular set of skills”. Ok, US billionaire Ray Dalio didn’t say the second bit, but it would have been good if he did.
“The guy hates cash; we know this, but now he hates bonds too,” commented Neil Wilson, chief market analyst at Markets, this morning.
“For the founder of Bridgewater Associates, even the most volatile asset out there is better than picking up dimes from in front of the inflation steamroller,” he added.