U. S. Prominent Businessman: Cash Is Trash, Governments Don’t Want Cryptocurrencies to Succeed

U. S. prominent businessman Ray Dalio warned investors against too much dependence on cash. At the same time, he warned those who own some Bitcoin that they are encountering some danger, because governments could destroy the crypto market.
“First, know cash is trash, so don’t keep it in cash,” Dalio, the founder of $150 billion Bridgewater Associates, said on Wednesday.
Dalio ,72, said that he has invested some money in Bitcoin, but it’s a small percentage of his investment in gold.
The hedge fund billionaire sees that governments don’t want cryptocurrencies to succeed, but he advised investors that governmental measures do not mean they shouldn’t diversify.
Bitcoin has jumped more than 60% in 2021, but has come under increased scrutiny from regulators over concerns about how retail investors could get engaged with cryptocurrencies.