Ralio Dalio Praises Bitcoin For 12 Years Of History But Issues Warning
Well, the number one investor in the world, Ralio Dalio, has spoken out about Bitcoin. It’s been 12 years since the very first Bitcoin was mined, and it’s fair to say that cryptocurrency as a whole has come a long way. Dalio is certainly no novice to experts when it comes to investing, in fact he’s considered one of the most successful investors of all-time.
But despite all of the success, with Bitcoin being worth over $20,000 recently, Dalio still has his concerns. He recently had this to say about Bitcoin, praising its 12 years of history, but warning investors:
“I think Bitcoin is interesting because it is not an government sponsored currency. So, it is a storehold of wealth but it’s also exciting because it’s through an anonymous transaction system. But, I would caution people to only invest in things they understand. I know that Bitcoin has been around for 12 years and has gotten more sophisticated as time has gone on, but it is still vulnerable to its huge volatility.”
This is something to take very seriously. Considering Dalio’s track record of success, we would 2definitely take his words to heart. Bitcoin is definitely not for the faint of heart.
However, that doesn’t mean cryptocurrency should be completely avoided. There are many other altcoins that have been around for a decade or longer with just as much potential as Bitcoin.
Still, Dalio does offer some sage advice here. It’s important for anyone considering investing in cryptocurrencies to understand the risks.
Here are a few tips from Dalio when investing in crypto:
- Set Aside Funds You Can Afford To Lose – As with any investment, there’s always a chance of massive returns but also the potential for significant losses.
- Research For at Least 3 Months – Cryptocurrencies are constantly changing and evolving, it’s important to stay on top of the most current developments.
- Understand Other Types of Cryptocurrencies – Bitcoin is the most popular, but there are plenty of other major altcoins. Don’t get caught up in the hype of just one.
Ralio Dalio has certainly earned his stripes as a successful investor, so if you’re considering investing in Bitcoin or other cryptocurrencies take his advice to heart. He’s managed to tide through the ups and downs of the market for years, so it’s always worth listening to his sound advice.
Plus, if you follow his tips and still make a gain, you’ll be able to tell everyone that you learned it from the best!
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