5 Biggest Bitcoin Predictions in 2021

4. Ray Dalio, Former CIO Bridgewater Associates

Prediction: Bitcoin Better Than Bonds as a Savings Vehicle During Inflation   

Ray Dalio is the former chief investment officer of Bridgewater Associates, the Connecticut-based investment firm that was the top performing hedge fund in 2020,  reporting $46 billion in earnings through the year. Dalio recently sat down for an interview with New York-based crypto news site CoinDesk to talk about Bitcoin. 

Dalio said that the United States dollar was on the verge of devaluation and that China was threatening the role of the dollar as the preferred reserve currency in the world. In such an environment, Dalio elaborated how Bitcoin could be a good savings vehicle and a hedge against inflation should things go from bad to worse. 

Dalio also revealed that he owned some Bitcoin during the interview, saying he would prefer Bitcoin over bonds for savings in the present economic situation. The billionaire was bullish on the most popular cryptocurrency, saying that the greatest risk associated with Bitcoin was the success it looks set to achieve.