BREAKDOWN: Hedge Fund Billionaire Ray Dalio Has Officially Bought Bitcoin

BREAKDOWN: 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. This episode is sponsored by Nexo.io and Bitstamp. 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. - Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io. - Bitstamp is the world’s longest-running cryptocurrency exchange, supporting investors, traders and leading financial institutions since 2011. With a proven track record and dedication to personal customer service with a human touch, Bitstamp’s fast, secure and reliable crypto investing platform is trusted by over four million people worldwide. To learn more, visit www.bitstamp.net. - Image credit: Takaaki Iwabu/Bloomberg/Getty Images See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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