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Author: Admin | 2025-04-28
Strategist in Global Macro Research Allison Nathan from recognizing Bitcoin and crypto as an official asset class.Over the weekend, the Bitcoin community celebrated the 11th annual Bitcoin Pizza Day to commemorate the world’s first commercial crypto transaction, when a man in Florida paid for two pizzas with 10,000 BTC. Forkast.Insights | What does it mean?The cryptocurrency story has seen some curious plot twists this year, thanks to a new wave of meme-coin investors, led by Tesla founder Elon Musk, whose on-again, off-again opinions on Bitcoin over the past few months have sent its price soaring and slumping with each new tweet. It’s becoming clear that as Bitcoin matures, we may need a more mature influencer in this space — one who studies the market rather than appears to be trying to manipulate it. Could that man be billionaire hedge fund manager and Bridgewater Associates founder Ray Dalio?Unlike Musk, who has jumped on and off the Bitcoin bandwagon over the years, evidence suggests that Dalio’s recently announced support for the world’s first cryptocurrency is calculated, researched and grounded. Dalio is highly influential, but it’s unlikely that he’ll take a stream-of-consciousness approach to Bitcoin commentary.Indeed, Dalio’s opinion of Bitcoin has evolved over the years. Back in November 2020, he suggested there was a high probability that governments would “outlaw” Bitcoin and put an end to its promise as an asset. A month later, he said during an ask-me-anything session on Reddit that he was not a huge Bitcoin fan, but that it could be a “diversifier to gold.” Another month passed, and Dalio then updated his description of Bitcoin to being “one hell of an invention,” and said the cryptocurrency should not be ignored by Bridgewater as a potential asset.Alongside his revelation this week that he personally holds Bitcoin, Dalio explained his
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