American financier and billionaire, founder of the BRIDGEWATER Associates Investment Fund Ray Dalio said that the regulators will destroy Bitcoin if cryptocurrency becomes even more successful. Such a condition, he called in an interview with CNBC.
In the event of further growth in the popularity of the digital currency, the regulators will try to take it under their control, confident Dalio. “I think that they have to do this, because they have relevant opportunities,” said billionaire.
At the same time, Dalio said that Bitcoin has no objective value. Nevertheless, the billionaire investor believes that cryptocurrency is a good alternative to cash.
The head of the Securities and Exchange Commission, Gary General, previously recognized the need to regulate the trade in cryptocoluts, otherwise the government risks losing the Company’s confidence.
In early June, Salvador became the first country in the world, recognizing the Bitcoin to a legal means of payment. The authorities acquired bitcoins by almost $ 26 million (about 1.8 billion rubles), and in the future they are going to buy even more.