CoinDesk Podcasts

The Breakdown With NLW Episode

Hedge Fund Billionaire Ray Dalio Has Officially Bought Bitcoin

A big shift from one of finance’s biggest names, plus a recap on the latest China-Bitcoin intrigue.

The Breakdown With NLW Episode
Listen on:
[@portabletext/react] Unknown block type "iframe", specify a component for it in the `components.types` prop

A big shift from one of finance’s biggest names, plus a recap on the latest China-Bitcoin intrigue.

This episode is sponsored by Nexo.io and Bitstamp.

Download this episode

Today’s episode of “The Breakdown” is split into two parts. In part one, NLW recaps the latest out of China, including:

  • Interpretations of Friday’s surprise targeting in a speech by the Vice Premier
  • A weekend market crash, the second of the week
  • Miner selling and the motivations behind it
  • What to watch for in the coming days

In part two, he puts in context the news that Bridgewater’s Ray Dalio owns bitcoin, looking at the larger institutional pattern that has driven the bitcoin bull and Dalio’s specific concerns about currency devaluation.

See also: Ray Dalio: ‘I Have Some Bitcoin’

Image credit: Takaaki Iwabu/Bloomberg/Getty Images