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RAY

Raydium  

#RAY

RAY Price:
$0.56
Volume:
$3.5 M
All Time High:
$16.84
Market Cap:
$78.2 M


Circulating Supply:
138,747,553
Exchanges:
20
Total Supply:
555,000,000
Markets:
55
Max Supply:
555,000,000
Pairs:
31



  RAY PRICE


The price of #RAY today is $0.56 USD.

The lowest RAY price for this period was $0, the highest was $0.564, and the exact current price of one RAY crypto coin is $0.56369.

The all-time high RAY coin price was $16.84.

Use our custom price calculator to see the hypothetical price of RAY with market cap of ETH or other crypto coins.


  RAY OVERVIEW


The code for Raydium is #RAY.

Raydium is 1.6 years old.


  RAY MARKET CAP


The current market capitalization for Raydium is $78,210,289.

Raydium is ranked #235 out of all coins, by market cap (and other factors).


  RAY VOLUME


There is a big daily trading volume on #RAY.

Today's 24-hour trading volume across all exchanges for Raydium is $3,458,196.


  RAY SUPPLY


The circulating supply of RAY is 138,747,553 coins, which is 25% of the maximum coin supply.


  RAY BLOCKCHAIN


RAY is a token on the Solana blockchain.


  RAY EXCHANGES


RAY is integrated with many pairings with other cryptocurrencies and is listed on at least 20 crypto exchanges.

View #RAY trading pairs and crypto exchanges that currently support #RAY purchase.


  RAY RESOURCES


Websiteraydium.io
Whitepaperraydium.io/Raydium-Litepaper.pdf
Twitterraydiumprotocol
Redditr/Raydium
Telegramraydiumprotocol
Discord6EvFwvCfpx
Mediumraydium


  RAY DEVELOPER NEWS



Raydium Launches Beta Testing for Concentrated Liquidity

Advancing capital efficiency and ecosystem-wide liquidity - Raydium is excited to announce its next step towards ecosystem-wide liquidity on Solana: Concentrated Liquidity Pools! The Open Beta will last for approximately one week on beta.raydium.io. Rewards will begin after the Open beta concludes. Official Link: beta.raydium.io Five Concentrated Liquidity Market Maker (CLMM) pools are currently open to beta testers: RAY-USDC, SOL-USDC, mSOL-USDC, mSOL-SOL, and USDC-USDT. During the beta testing period, users can add and remove liquidity in a CLMM pool to earn trading fees. Swap routing on the beta site will include CLMM pools, always calculating the best route for your trades. What to know about Concentrated Liquidity on Raydium: Raydium initially launched its AMM as an innovation in capital efficiency among standard constant product (k = x*y) AMM pools, with idle liquidity used to market make on the Serum Central Limit Order Book. Raydium is now launching Concentrated Liquidity pools! The CLMM allows LPs to provide liquidity within a specific price range, increasing the proportion of fees earned on actively traded liquidity. For traders, CLMMs improve liquidity depth around the current price which translates to better prices and lower price impact on swaps. Concentrated pools allow providers to choose a custom range, which offers granularity for LPs to provide liquidity within any desired price range. Deposits in CLMM po...




Raydium Ecosystem Farms

The next step towards decentralized ecosystem-wide liquidity. — Raydium is super excited to announce its next step towards decentralized, ecosystem-wide liquidity on Solana: Ecosystem Farms! Ecosystem Farms advance the frontiers of decentralized liquidity on Solana by enabling any project team or user to create a farm and bootstrap liquidity by offering reward emissions on any pool! Raydium has set out to drive ecosystem-wide liquidity from its Day One integration with Serum’s central limit order book. On the next leg of this quest, Raydium became the first Solana-based AMM that allowed any DeFi user to create a liquidity pool for any token pair, permissionlessly. Ecosystem Farms are now the next big step on the journey and help to further drive liquidity on Solana! Teams across the Solana ecosystem now have the ability to bootstrap liquidity in a decentralized manner while having control and flexibility over when to launch a farm, the amount of rewards emitted for incentives, and the length of the farming period. Raydium is excited for teams to have the ability to drive liquidity for their communities through Ecosystem Farms. By doing so, liquidity providers will be rewarded for creating deeper liquidity on Raydium while users will see better prices when swapping and a fuller order book when trading on any Serum GUI. To learn more about creating a farm, check out this step-by-step guide! Join the Raydium Discord se...




Hawksight is Launching on AcceleRaytor

One-click investing in automated DeFi and yield strategies. — We’re excited to announce that on April 20, Hawksight will be launching on AcceleRaytor! Hawksight is a DeFi super-app for everyone. Allowing users to deposit USDC to automate DeFi strategies and earn profit-optimized yield on Solana & Terra. Make smarter investment decisions using Hawksight’s AI-driven trading signals, social signals, DeFi-NFTs, and GameFi utilities. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.1. HAWK AcceleRaytor Public Raise details: Total tokens for the raise: 30,000,000 HAWK, unlocked (increased from 20m) Token fixed price: 0.012 USDC for 1 HAWK Total raise: 360,000 USDC (increased from 240k USDC) Model: Randomized Draw Allocation for selected ticket: 60 USDC (5,000 HAWK) Total number of winning tickets: 6,000 (increased from 4,000) Pool opens: April 20, 10:00 UTC Pool closes: April 20, 22:00 UTC Open period of the pools: 12 hours — Eligibility and pool details:. — There will be one RAY pool available for the HAWK raise.Allocation will be determined by random ticket draw.Allocation for one selected ticket: 60 USDCThere will be four snapshot deadlines to determine ticket allotment. 7-day deadline:Eligibility: At least 100 RAY staked in RAY single-sided staking prior to the staking deadline below and successful USDC deposit once the pool ope...




Nirvana is Launching on AcceleRaytor

A protocol powered by the twin forces of volatility and stability. — We’re excited to announce that on April 5th, Nirvana will be launching on AcceleRaytor! The Nirvana protocol is a twin system that produces $ANA, a volatile token with an algorithmically rising floor price, as well as $NIRV, a decentralized superstable coin with a delegated peg. Yield for staking $ANA and taking $NIRV loans is distributed in $prANA (pre-$ANA), which are tokens that act as non-expiring options to mint ANA at its floor price. The AcceleRaytor launch will be for the $prANA token, giving users the option to mint $ANA at the floor price. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium. — IMPORTANT: $prANA is not a standard governance token!. — The AcceleRaytor Raise is for $prANA, one of three tokens in the Nirvana protocol, along with $NIRV and $ANA. $prANA tokens act as non-expiring options to mint $ANA at its floor price. The option utility for $prANA will be live on Nirvana’s site on April 11, 00:01 UTC, after which $prANA can be used to mint $ANA. Read more on $prANA here: https://docs.nirvana.finance/mechanics/staking-rewards-prana Read more about $ANA and the Nirvana protocol here: https://docs.nirvana.finance/mechanics/summary1. prANA AcceleRaytor Public Raise details: Total tokens for the raise: 125,000 prANA, unlocked Token fixed price: 2.00 USDC ...




Zebec is Launching on AcceleRaytor

Multisig Treasury Management and Streaming Payments. — We’re excited to announce that on March 15th, Zebec will be launching on AcceleRaytor! Zebec is a continuous Settlement Protocol that aims to transform payroll, cash flows, and token vesting by allowing users to send payments and distributions every second. Zebec is launching the world’s first on-chain payroll product with full tax withholding built-in and the first debit card for Solana wallets. The Zebec ecosystem is currently providing the infrastructure for more than 250 projects. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.1. ZBC AcceleRaytor Public Raise details: Total tokens for the raise: 50,000,000 ZBC (0.5% of total ZBC supply), unlocked Token fixed price: 0.021 USDC for 1 ZBC Total raise: 1,050,000 USDC Model: Lottery for allocation Allocation for winning ticket: 105 USDC (5,000 ZBC) Total number of winning tickets: 10,000 Pool opens: March 15, 04:00 UTC Pool closes: March 15, 16:00 UTC Open period of the pools: 12 hours — Eligibility and pool details:. — There will be one RAY pool available for the ZBC raise.Allocation will be determined by a lottery system.Allocation for one winning lottery ticket: 105 USDCThere will be four snapshot deadlines to determine ticket allotment. 7-day deadline:Eligibility: At least 100 RAY staked in RAY single-sided staking prior t...




Yawww is Launching on AcceleRaytor

Unlocking the power of peer-to-peer trading. — We’re excited to announce that on March 9th, Yawww will be launching on AcceleRaytor! Yawww allows NFT aficionados to negotiate, create deals, and trade with peers through Solana’s first fully automated on-chain escrow service. Yawww combines a P2P trading service with P2P collateralized lending, a negotiable listings marketplace, NFT staking, and a platform rewards system. The native token, YAW, will be used to cover transaction fees, unlock premium features, and facilitate the platform economy. The token is backed by platform revenue and secured by the Yawww Treasury and Reserve. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.1. YAW AcceleRaytor Public Raise details: Total tokens for the raise: 7,500,000 YAW (2.5% of total YAW supply), unlocked Token fixed price: 0.20 USDC for 1 YAW Total raise: 1,500,000 USDC Model: Lottery for allocation Allocation for winning ticket: 125 USDC (625 YAW) Total number of winning tickets: 12,000 Pool opens: March 9, 14:00 UTC Pool closes: March 10, 02:00 UTC Open period of the pools: 12 hours — Eligibility and pool details:. — There will be one RAY pool available for the YAW raise.Allocation will be determined by a lottery system.Allocation for one winning lottery ticket: 125 USDCThere will be four snapshot deadlines to determine ticket allotment. ...




Dappie Gang Launching on DropZone

A gang of 6,666 unique GameFi Rabbit NFTs with DeFi utility. — Dappie Gang is a collection of 6,666 Rabbit NFTs — unique GameFi characters with DeFi utility. Dappie Gang is your key to access members-only benefits, the first of which is access to Dappio, Solana Wonderland. Exclusive benefits and perks can be unlocked and all Dappie Gang NFT have the right to govern the project direction and gain early access to Dappio Wonderland. This article will cover the two sections: 1) the DropZone launch on Raydium 2) Drop Box redemption for an NFT.1. Dappie Gang NFT DropZone launch:DropZone Process Overview:When the DropZone pool opens, users deposit SOL to enter tickets in the lottery for an NFT allocation.Each winning ticket can claim a “Drop Box” token which represents one NFT allocation. Non-winning tickets claim back SOL.Each Drop Box token can then be redeemed on the project’s website to mint one original NFT from the project collection at random. Dappie Gang DropZone details Total NFTs minted at launch: 6,666 Dappie Gang NFTs Total Drop Boxes: 6,664 Drop Boxes, each redeemable for 1 NFT Fixed NFT/Drop Box price: 1 SOL Model: Lottery for allocation Allocation for winning ticket: 1 Drop Box Total number of winning tickets: 6,664 Pool opens: January 26, 12:00 UTC Pool closes: January 26, 15:00 UTC Open period of the pool: 3 hours IMPORTANT: Drop Boxes must be redeemed on Magic Eden by January 28, 15:0...




Space Falcon is Launching on AcceleRaytor

An intergalactic, Solana-based metaverse featuring the classic space shooter game and premium NFTs.. — We’re excited to announce that on January 24th, Space Falcon will be launching on AcceleRaytor! Space Falcon aims to empower gamers to explore the uncharted depths of the cosmos by deploying premium sci-fi NFTs. Space Falcon will be governed and supported by $FCON, its utility and governance token. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.1. FCON AcceleRaytor Public Raise details: Total tokens for the raise: 250,000,000 FCON (1.25% of total FCON supply), unlocked Token fixed price: .002 USDC for 1 FCON Total raise: 500,000 USDC Model: Lottery for allocation Allocation for winning ticket: 50 USDC (25,000 FCON) Total number of winning tickets: 10,000 Pool opens: January 24, 12:00 UTC Pool closes: January 25, 00:00 UTC Open period of the pools: 12 hours — Eligibility and pool details:. — There will be one RAY pool available for the FCON raise.Allocation will be determined by a lottery system.Allocation for one winning lottery ticket: 50 USDCThere will be three snapshot deadlines to determine ticket allotment. 7-day deadline:Eligibility: At least 100 RAY staked in RAY single-sided staking prior to the 7-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.Lot...




Realy is Launching on AcceleRaytor

Providing the infrastructure to scale the Solana ecosystem. — We’re excited to announce that on December 9th, Realy will be launching on AcceleRaytor! Realy Metaverse will be the first Live-to-Earn metaverse on Solana. Developed via Unreal Engine, Realy is a virtual city with AAA graphics that seamlessly integrates virtual and reality. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.1. REAL AcceleRaytor Public Raise details: Total tokens for the raise: 500,000 REAL (0.5% of total REAL supply), unlocked Token fixed price: 1 USDC for 1 REAL Total raise: 500,000 USDC Model: Lottery for allocation Allocation for winning ticket: 50 USDC (50 REAL) Total number of winning tickets: 10,000 Pool opens: December 9, 12:00 UTC Pool closes: December 10, 00:00 UTC Open period of the pools: 12 hours — Eligibility and pool details:. — There will be one RAY pool available for the REAL raise.Allocation will be determined by a lottery system.Allocation for one winning lottery ticket: 50 USDCThere will be three snapshot deadlines to determine ticket allotment. 7-day deadline:Eligibility: At least 100 RAY staked in RAY single-sided staking prior to the 7-day staking deadline below and successful USDC deposit once the pool opens. RAY must remain staked until the pool opens.Lottery tickets: 1 ticket for every 100 RAY staked — up to a maximum of 5 ...




RunNode is Launching on AcceleRaytor

Providing the infrastructure to scale the Solana ecosystem. — We’re excited to announce that on December 6th, RunNode will be launching on AcceleRaytor! RunNode is a bridge from web 2.0 to 3.0 and powers the infrastructure of Solana through its RPC protocol. RunNode will help Solana to scale by ensuring applications can secure an RPC endpoint in under 30 seconds. Run Token holders will earn a percentage of the fees generated through RunNode’s staking and developer API service. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.1. RUN AcceleRaytor Public Raise details: Total tokens for the raise: 16,666,667 RUN (1.67% of total RUN supply), unlocked Token fixed price: 0.06 USDC for 1 RUN Total raise: 1,000,000 USDC Model: Lottery for allocation Allocation for winning ticket: 80 USDC (1,333.33 RUN) Total number of winning tickets: 12,500 Pool opens: December 6, 12:00 UTC Pool closes: December 7, 00:00 UTC Open period of the pools: 12 hours — Eligibility and pool details:. — There will be one RAY pool available for the RUN raise.Allocation will be determined by a lottery system.Allocation for one winning lottery ticket: 80 USDCThere will be three snapshot deadlines to determine ticket allotment. 7-day deadline:Eligibility: At least 100 RAY staked in RAY single-sided staking prior to the 7-day staking deadline below and successful USDC de...




  RAY NEWS


Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgew...

    Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater's co-chief executive explained on Tuesday that 'Ray no longer has the final word,' in regard to the hedge fund's future.Hedge Fund Giant and Bridgewater Associates Founder Ray Dalio Steps Down, Co-CEOs Mark Bertolini and Nir Bar Dea to Take Over Senior Management On Tuesday, October 4, after founding Bridgewater Associates more than 40 years ago, Ray Dalio stepped down as co-CIO. Bloomberg's Erik Schatzker first reported on the matter after the hedge fund founder relinquished all of his voting rights to the board of directors on September 30. After founding Bridgewater in 1975, Dalio was considered a mogul hedge fund titan and within the first ten years of business, Bridgewater got a $5 million investment from the World Bank. Schatzker report cites Bridgewater's co-chief executive, Nir Bar Dea, who told the reporter 'Ray no longer has the final word.' Dalio also spoke about his resignation on Twitter and he told the public that today was a special day for him because he 'transitioned my control of Bridgewater to the next generation.' Dalio added: I feel great about the people and 'machine' now in control. This transition moment is the culmination of a 47-year journey. Dalio is also well known for being a critic of bitcoin (BTC) and blockchain technology. The hedge fund titan has explained on many occasio... read More



Raydium Springs Up From Underwater, Could This Be A Ray Of Hope?

    The price of Raydium (RAY) drops to $0.7 against Tether (USDT) from its all-time high of $15 as it eyes to bounce from its low. Despite the relief bounce across most crypto assets, the price of Raydium (RAY) has continued to remain dormant at its all-time low. (Data from Binance) Raydium (RAY) Price Analysis On The Weekly Chart  The price of RAY crashed to its low of $0.7 by over 95% from a high of $15 after seeing several rejections from areas of resistance.  RAY has shown little bullish moves on the weekly chart, as this could suggest a bullish move could happen in no distant time. With bulls buying RAY at this valued price, we could see the price going to $3.5, acting as the next significant resistance for RAY's price. If there are no buy orders, we could see the price of RAY range between the values of $0.55-$0.7 as these prices act as support areas. If the price of RAY maintains its current structure, we could retest the resistance at $2.5-$3.5, depending on the buy volume orders.  Weekly resistance for the price of RAY - $0.25-$0.35. Weekly support for the price of RAY - $0.55-$0.7. Price Analysis Of RAY On The Daily (1D) Chart Daily RAY Price Chart | Source: RAYUSDT On Tradingview.com The price of RAY found its daily low at $0.6 and quickly bounced off the area where it has formed good support. read More



Ray Dalio Still Holds 'Tiny Percentage' of Portfolio in Bitc...

    Bridgewater Associates founder Ray Dalio confirmed on Tuesday that a “tiny percentage” of his portfolio is allocated to Bitcoin. He acknowledged how it could play a special role in today’s worldwide inflationary environment, among a broader set of safe-haven assets. Cash is Still Trash In conversation with CNBC’s Andrew Sorkin, Dalio reiterated his “cash is trash” thesis, due to the speed at which its holders are losing buying power. Annual CPI inflation in the United States clocked in at 8.3% in April – only 0.2% down from the previous month’s 40-year high. To combat this, the Federal Reserve has resolved to raise interest rates more aggressively than it has for the past two decades. However, this monetary tightening is already hammering equities, which Dalio claims are even “trashier” than cash. “The question is what’s going to get you a real return,” he explained. “We’ve shifted into an environment where assets that do well, like in the 70’s  – real return assets – are the best investments.” The billionaire believes that the Federal Reserve’s action in pumping the economy full of money and credit has created unprecedented debt, which will culminate in “negative real returns” across the board. In the interest of diversification, he mentioned Bitcoin as worthy of a small role in one’s portfolio, playing the role of “digital gold... read More



Billionaire Ray Dalio Speaks in Davos — Says 'Blockchain Is ...

    This week the world has been talking about the World Economic Forum (WEF) meeting in Davos, Switzerland, which started on May 22 and ends on May 26. At the event, Bridgewater Associates founder Ray Dalio spoke about today's economy, the Federal Reserve, cash, and cryptocurrencies. Dalio noted at the WEF conference that he believes blockchain is great, but says 'let's call it a digital gold.' Billionaire Hedge Fund Manager Ray Dalio Says 'There's Going to Be a Supply and Demand Problem That Produces a Squeeze' During the first week of February, Bitcoin.com News reported on the billionaire Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates. At the time, Dalio spoke about the future of money and the investor said that crypto will be 'outlawed, probably by different governments.' Currently, Dalio is in Davos, Switzerland, with the rest of the world's government officials, economists, and financial big-wigs. The Bridgewater Associates founder spoke in an interview with CNBC's Andrew Ross Sorkin on the broadcast Squawk Box. Once again, Dalio spoke on the future of money and the U.S. central bank's next monetary policies. The hedge fund executive believes the Fed has nothing left to do but sell. 'The Federal Reserve is going to sell, individuals are selling, foreigners are selling, and the U.S. government is selling because it has to fund its deficit,' an excerpt from Dalio's interview notes. 'So there's going to be a supply/demand problem, that means ... read More



Ray Dalio: Bitcoin is Not a Good Competitor Against Gold

    In a recent interview with the Economic Times, billionaire investor and founder of Bridgewater Associates, Ray Dalio, acknowledged the potential of digital assets, especially Bitcoin, emphasizing their impressive performance over the past decade. Dalio: Bitcoin Still Has Unresolved Issues 72-year-old American investor also noted that Bitcoin's finite supply makes it similar to other universally accepted inflation hedges such as gold. However, he doesn't see central banks adopting Bitcoin as a reserve asset due to several issues such as privacy and ban in some countries. 'Still, there are issues with them. Transactions can be traced so privacy is an issue. They can be controlled, they can be shut down, they can be made illegal which tends to tap in during times when they may be threats to the alternative currency. So, I don't think they'll be held as central bank reserves for various reasons,” he said. Ray Dalio. Source: Yahoo Not a Good Competitor Against Gold While Dalio believes investors should have digital assets like Bitcoin in their portfolio, he noted that gold does a better job at hedging against inflation. He also argued that Bitcoin's total market value is less than that of Microsoft, which makes it less desirable for storing wealth compared to gold. The billionaire, however, expressed optimism about the growth of the crypto industry over the next 10 years. 'I think that the environment that we're in is an environment in which there is a risk of political conf... read More



Billionaire Ray Dalio Discusses Future of Money, Insists Some Government...

    Billionaire Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, has shared his view on cryptocurrency investing and the future of money. He believes that crypto will be banned by different governments. Ray Dalio on the Future of Money and Crypto Bridgewater Associates founder Ray Dalio discussed cryptocurrency regulation and the future of money in an interview with David Rubenstein Thursday. Dalio currently serves as the Bridgewater Associates chairman and cochief investment officer. His firm's clients include endowments, governments, foundations, pensions, and sovereign wealth funds. He was asked, 'How do you foresee crypto impacting the world order?' The Bridgewater chairman replied, 'I think it's interesting,' disclosing that he has 'a tiny percentage' of his portfolio in crypto. He explained: 'I wanted to diversify but it's a very vulnerable incident because they can track who is operating on it. It can be tracked.' He added: It'll be outlawed, probably by different governments. In addition, Dalio opined: 'In terms of its size, it has issues. So I think too much attention is spent on crypto.' This was not the first time that the Bridgewater boss warned about governments outlawing cryptocurrencies. In January, he explained that the government outlawed gold and silver in the past, so they could similarly outlaw bitcoin. In September, he said governments could kill bitcoin if it becomes 'really successful.' Dalio further shared with Rubenstein... read More



Billionaire Investor Ray Dalio: Crypto Gets Too Much Attention

    Amid surging interest in cryptocurrencies, the legendary American investor and founder of the investment management firm Bridgewater Associates, Ray Dalio, opined that the crypto industry is receiving way too much attention. Too Much Attention on Crypto During his latest interview on 'The David Rubenstein Show: Peer-to-Peer Conversations,' Dalio claimed that he has only a 'tiny' amount of crypto in his investment portfolio. Recall that earlier in May 2021, the billionaire investor confirmed that he owns bitcoin following several inflationary concerns and monetary policy stances undertaken by the US government. Dalio pointed out, then, that he believes Bitcoin will prove to be a better hedge against the devastating consequences of inflation than government bonds. The hedge fund manager noted that it is pointless to hold cash as real interest rates continue to turn on the negative side, with investors expecting annual returns of 4%. In a previous interview, Dalio stated that it would be reasonable for every investor to allocate up to 2% of their portfolios in Bitcoin. Ray Dalio. Source: CNBC Bitcoin Has Proven Itself Dalio has not always been a Bitcoin proponent. In fact, he was one of the biggest crypto critics, blasting digital currencies for their extreme volatility and even calling Bitcoin a massive bubble. However, he recently softened his stance on cryptocurrencies and invested in the primary digital asset. Earlier in December 2021, Dalio stated that Bitcoin had proven it... read More



Billionaire Ray Dalio Insists Governments Could Outlaw Bitcoin

    Billionaire Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, has reiterated his warning that governments could outlaw bitcoin. 'In history, they've outlawed gold and they've outlawed silver and so on, and they could outlaw bitcoin,' he stressed. Ray Dalio Continues to Warn About Governments Outlawing Cryptocurrency Bridgewater Associates founder Ray Dalio talked about bitcoin as he reiterated his warning that governments could outlaw the cryptocurrency on the Investor's Podcast Network, published Saturday. Dalio currently serves as Bridgewater Associates' chairman and co-chief investment officer. His firm's clients include endowments, governments, foundations, pensions, and sovereign wealth funds. Dalio warned that 'there are regulatory issues' surrounding bitcoin. 'When you have an alternative currency, that's a threat to every government,' he elaborated. 'Every government wants a monopoly in their own currency and particularly if you get a better currency because it doesn't get devalued.' Dalio added: In history, they've outlawed gold and they've outlawed silver and so on, and they could outlaw bitcoin. Nonetheless, Dalio admitted that he has a small amount of bitcoin in his portfolio for diversification. 'I'm Mr. diversification,' he said. The Bridgewater Associates boss also recently revealed that he also owns some ether (ETH). Commenting on the recommendation by another famous fund manager, Bill Miller, who said that investors should hold... read More



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