Comments come after JPMorgan chief Jamie Dimon last week labelled bitcoin 'dangerous' and a 'fraud'

Hedge Funds

The founder of the world’s largest hedge fund says cryptocurrencies like bitcoin meet his firm’s criteria for a market bubble, 

Bitcoin and its peers cannot be spent very easily and they make for a poor "storehold of wealth" compared with, say, gold, due to their extreme volatility, Ray Dalio of Bridgewater Associates told CNBC in an interview.

‘Bitcoin is a bubble’ warns billionaire Ray Dalio

‘Bitcoin is a bubble’ warns billionaire hedge fund founder Ray Dalio

William Watts

JPMorgan

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