Ray Dalio Steps Down as Investment Chief of Bridgewater Associates
Ray Dalio said that he will continue to hold his stake in Bridgewater Associates and mentor firm’s investors in years to come.
Ray Dalio said that he will continue to hold his stake in Bridgewater Associates and mentor firm’s investors in years to come.
With digital assets becoming more popular and authorities working on regulation, several hedge funds have taken an interest. Some in the investment space have called Bitcoin a hedge against inflation.
The Hubei Province is under extensive attention by the authorities after a new strain of deadly virus spreads from the central part of the Wuhan. But will Bitcoin and gold prices react to this situation?
Citing unnamed sources, the WSJ report mentions that Bridgewater Hedge Fund expects a major correction in the market by 2020. However, Ray Dalio refuted the claims.
Ending a range of downturns Bitcoin recovers, despite Ray Dalio, Bridgewater Associates’ founder, calls it “a bubble”, and Jamie Dimon, CEO of J.P. Morgan, recently declared it a “fraud”.