Bridgewater Associates CEO Ray Dalio, announced Bitcoin (BTC) for investment at an event held in Riyadh earlier today by the Future Investment Initiative Institute, a non-profit organization managed by Saudi Arabia’s largest sovereign wealth fund. He said he preferred gold instead.
The choice of market giants, gold, Bitcoin or dollar?
Manchester City president Khaldoon Al Mubarak announced that he has chosen the leading cryptocurrency over gold. Preferred by BlackRock’s Larry Fink and Goldman’s David Solomon, the US currency is the dollar. Cryptocoin. com
As we reported , BlackRock started getting interested in Bitcoin earlier this year, while Larry Fink remains highly skeptical of the leading cryptocurrency.
During an interview earlier this month, Larry Fink reluctantly acknowledged JPMorgan CEO Jamie Dimon’s warm view that Bitcoin is worthless. Larry Fink, an outspoken supporter of ESG (environmental, social, governance) investment, added that governments do not have 30-year plans to solve the fundamental problems facing humanity.
Despite Goldman Sachs restarting the cryptocurrency desk and later announcing a new crypto team, David Solomon is clearly a long way from becoming a cryptocurrency cheerleader. It seems. Meanwhile, Ray Dalio, who personally owns a small Bitcoin investment, continues to claim that regulators will eventually kill Bitcoin.
The latest comments by the three Wall Street giants come against the background of rising inflation concerns in the US. Earlier today, Tesla CEO Elon Musk, whose net worth is approaching $300 billion, tweeted about short-term inflationary pressure, echoing the words of billionaire Bitcoin supporter Jack Dorsey.