Dalio, the founder of the world's largest hedge fund company Bridgewater, is optimistic about Bitcoin in disguise?

Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: TURNER WRIGHT, reprinted by Odaily with authorization.

Cointelegraph Chinese (ID: CointelegraphChina)expressCointelegraph Chinese (ID: CointelegraphChina)BTCIn a Twitter post on Tuesday, Dalio Dalio, founder of the world's largest hedge fund firm, Bridgewater,

Dalioexplainexpress

, he argues that Bitcoin (

- Ray Dalio（@RayDalio）) is not an effective means of exchange and store of value due to its high volatility. He also claimed that governments can declare crypto assets illegal if they pose a threat to fiat currencies. However, he also acknowledged that he "might have missed some information" and invited others to comment.

: "I can't imagine central banks, large institutional investors, corporations or multinational corporations using Bitcoin. If I'm wrong about Bitcoin, I want to be corrected."

Mati GreenspanexplainI may have missed something about Bitcoin, so I hope that is corrected. I just have a problem with bitcoin becoming a valid currency.

November 17, 2020Dalio made the remarks after the price of Bitcoin surged above $17,500 in less than 24 hours. This positive news has led many contributors in the field to share their views with the billionaire.explain: "Let's put it this way...Bitcoin is money and everything else is credit."CoinShares chief strategy officer Meltem Demirors on how she believes BTC can be effectively used for paymentsgivesA more in-depth response, but she added that bitcoin is "a savings technology at its core." BlockFi CEO Zac Prince

then publishedRayDalioOwn point of view, answered each of Dalio's questions in turn. he listed

- Zac Prince（@BlockFiZac）Institutional investors who have recently adopted Bitcoin

, including Fidelity Digital Assets, Square, Paul Tudor Jones, Bill Miller and Stanley Druckenmiller, among others.Bitcoin needs to be a currency of value, butAt first, I was not optimistic about Bitcoin. Bitcoin is best thought of as an asset like gold, art, etc. that is subject to the laws of supply and demand. There's a good analogy for this - "Bitcoin is like a platypus, with all sorts of fancy combinations."