Twitter CEO Jack Dorsey recently reacted to Ray Dalio’s comment that a continuous rise in BTC’s price may force the government to outlaw cryptocurrencies. Ray Dalio, who is an American hedge fund manager and philanthropist, has always been a Bitcoin critic.
Dalio voiced his opinion in an interview with Yahoo Finance last week, saying that digital assets may not succeed as much as people expect. During the interview, the critic added that digital assets are too volatile to be considered as a store of wealth.
Jack replied to CoinDesk’s post that asked if Dalio was right with his opinion on Bitcoin, simply saying “No.” Jack has always been a supporter of Bitcoin. In 2018, the Twitter CEO predicted that Bitcoin would be the “single currency” of the internet. The CEO still holds on to the same opinion.
In September, the CEO told Reuters that Bitcoin is still the best candidate for an internet native currency.
Binance CEO Changpeng Zhao (CZ) also replied to CoinDesk with a “No.”
Unlike Dalio, other hedge fund legends like Paul Tudor Jones and Stan Druckenmiller commended Bitcoin. They said the digital asset is worthy to be considered a store of value.
Bitcoin has been pulling in gains recently and currently up 4.62% to $16,710.64.