Bitcoin is in the center of discussion again. According to billionaire Ray Dalio, there is a ‘Good probability’ the U.S. will outlaw bitcoin. The founder of Bridgewater Associates Ray Dalio spoke to Yahoo Finance and shared his thoughts on Bitcoin and cryptocurrencies. His logic for Bitcoin getting banned according to the interview is that every country treasures its monopoly on controlling the supply and demand of money. They don't want other monies to be operating or competing because things can get out of control and hence he expects more government to try and ban Bitcoin.
Billionaire investor Ray Dalio say U.S. will outlaw Bitcoin
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The Ray Dalio Interview:
https://finance.yahoo.com/video/very-likely-u-outlaw-bitcoin-100000280.html
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Billionaire investor Ray Dalio say U.S. will outlaw Bitcoin
👏👏👏 Big shout out to our growing list of Patreons. For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
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The Ray Dalio Interview:
https://finance.yahoo.com/video/very-likely-u-outlaw-bitcoin-100000280.html
DISCLAIMER: All of Tom's trades, strategies, and news coverage are based on his own opinions alone and are only done for entertainment purposes. If you are watching To'ms videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. Tom Nash is not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Tom is merely sharing his own personal opinion. Your own results in the stock market or with any type of investment may not be typical and may vary from person to person. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions.
They banned gold in 1933
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You would "ban it" by ultra-taxing Americans that have btc.
Government prefers to tax things rather than making them illegal. Take a look at the most addictive drugs – sugar and alcohol.
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I mean it wasn’t a formal currency since the beginning. If it’s outlawed than it will be used in the dark internet and other 3rd parties via internet. It’s a good chance that it will be taxed and I believe it is taxable in America now.
Rubbish, how do you outlaw a decentralised currency?
Banning Bitcoin is like banning drugs. Just turns it into an underground market
You need to sell that shirt and one with blah blah mf’er blah,might be the ramblings of a madman.Get a merch shop Tom👍🏻
They are also going to outlaw air. Good luck.
100%
I like you Tom. That is all.
Ray Dalio trying to create a dip he can buy, nice try.
It's like the past issue with marijuana now the government is now trying to accept it state by state , because they finally got a big cut of it.
Rakes in tons of revenue, beneficial to all, upsets the top corrupt industries.
Janet Yellen has mentioned this in the past and said it would be revisited for regulations. One reason why I didn't invest in the first place.
Even if he's wrong about the mechanics of it being banned, he's still right about the government's motivation to maintain a monopoly. And that's the important part of Ray's message. Saying he's delusional is missing the point.
I agree with Ray Dalio.
What most BTC fans forget that the governments can and will control the internet and they can trace all the transactions of the blockchain for their taxing or confiscation purposes.
And who do you BTC fans think owns the governments?
Loved how you said it’s GG like in AOE2
Hey Tom, sell all your bit coin positions and then make this video again. You will reach the same conclusion as Ray Dalio.
As a hedge fund manager does Ray Dalio stand to gain if he spreads FUD about his hedge? I don't see Mr Dalio as delusional, merely deceptive. Everyone is trying to protect what little they have left in this bloodbath. Ray Dalio is no different.
Mr. Dalio looks like he is wearing a bath rope.
Tom dropping logic as per usual 👏🏾
We appreciate you Bro ! 😎
Not “every country”, it’s totally legal to start your own currency in Sweden for example. Is that not legal in the US of A, the land of the free?
You can’t control a decentralized currency there Ray…🤦🏼
He’s all bullS**t.
I could see the banning of mining, and the storage of wallets within a country, treating it like an illegal substance. But all that would do is create offshore accounts, driving wealth away from the countries. That brings the question of "would ALL countries ban BTC?" – which is another question to consider, I suppose. But if only one country didn't (say China) they would control a vast amount of wealth… Which I think would still have value…? It is interesting to think about. Dalio is no joke. Bright guy.
Imagine the criminals can no longer demand Bit coin for their ransom virus.
The US will lose billions of not trillions in taxes if they try to outlaw Cryptocurrency. If they want to keep the country above water they will need to embrace cryptocurrency.
Whomp whomp whomp stfu 👴
Oh ray. You do not understand cryptography and vpn. You can ban it. It doesnt mean you can stop it.
Good luck, I guess. 🤷🏻♂️
Wiener 👶
I thought the shirt said "I am Tom Kash$"