Ray Dalio believes nations will outlaw Bitcoin if BTC price keeps rising

Ray Dalio, the billionaire hedge fund legend, doesn't see digital currencies like Bitcoin succeeding the way other people do.

The contrast in performance shows Bitcoin has a lot more risk-reward potential, particularly as its market capitalization today is only 2.36% of gold.

"Not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air."

A strong argument can be made that it's not in the best interest of governments to outright ban Bitcoin.

More billionaires have started to show support for Bitcoin in recent months.

As Cointelegraph reported, the frenzy around Bitcoin among institutions and smart money comes from the properties that make it an efficient, but perhaps more importantly, unconfiscatable store of value.

Bitcoin is liquid, decentralized, easy to trade, transfer and store securely.

As DeFi developer Julien Bouteloup noted, Dalio offered skepticism towards Bitcoin in the past.

During his interview with Yahoo Finance, Dalio also emphasized that he would not prefer Bitcoin over gold.

Throughout 2020, despite Bitcoin's abrupt 60% crash in March, BTC also massively outperformed gold.