saying:"In retrospect, it was inevitable." The move was credited with having pushed bitcoin up as much as 20%., Musk confirmed that he thought bitcoin was"a good thing" and he was now"a supporter of bitcoin."
To be sure Dalio has not turned into a full-fledged bitcoin supporter like Musk. He stressed in the note that he is not a bitcoin or cryptocurrency expert and said he cannot ignore its vulnerability to being hacked. "The fact that smart people have moved from being skeptical to interested to excited about crypto is really the story that's driven crypto over the last five or six years," he said in an interview."It's indicative of a trend that has happened and most of the people that make the leap into
Hougan said advisors are not only fielding an increasing number of inquiries from clients about cryptos but also searching for an asset that provides uncorrelated returns and an inflation hedge in the current market environment.
DaveNadig Opinion: none of the headlines including this article seem to have read the Bridgewater report in its entirety which was a balanced assessment of crypto and in the end not accepting of its “store of value” proposition for institutional portfolios.