Hedge Fund Billionaire Ray Dalio Has Officially Bought Bitcoin

A big shift from one of finance’s biggest names, plus a recap on the latest China-Bitcoin intrigue.

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A big shift from one of finance’s biggest names, plus a recap on the latest China-Bitcoin intrigue.

This episode is sponsored by Nexo.io and Bitstamp.

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Today’s episode of “The Breakdown” is split into two parts. In part one, NLW recaps the latest out of China, including:

Interpretations of Friday’s surprise targeting in a speech by the Vice Premier
A weekend market crash, the second of the week
Miner selling and the motivations behind it
What to watch for in the coming days

In part two, he puts in context the news that Bridgewater’s Ray Dalio owns bitcoin, looking at the larger institutional pattern that has driven the bitcoin bull and Dalio’s specific concerns about currency devaluation.

Image credit: Takaaki Iwabu/Bloomberg/Getty Images

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.