Ray Dalio is a US-based billionaire who manages hedge funds and made comments about Bitcoin’s price and how it compares to gold. Dalio claims that there is a limit on the price for the largest cryptocurrency in the world.
Bridgewater Associates founder, one of the largest hedge funds in the world, says that a $1 million per Bitcoin scenario is impossible under current conditions. He also stated that BTC’s total market capitalization is still well below gold’s.
“The way that I see it is that there’s a certain quantity of it [bitcoin] as well as a certain number of gold. He explained that he will use gold as a benchmark during an interview with Lex Fridman who is a top technology researcher.
Dalio was asked about whether BTC could reach $1 million in price. Logically, it seems that its price is limited in comparison to similar items.