Hedge fund billionaire Ray Dalio doesn’t ‘think a lot of Bitcoin’ but still holds ‘a little bit’ Samuel Wan · 9 hours ago · 2 min read Ray Dalio agrees crypto investing can negatively impact mental well being.2 min read Updated: April 27, 2023 at 2:03 am Cover art/illustration via CryptoSlate American investor Ray Dalio said he holds a little Bitcoin (BTC) but is not a fan – instead, preferring gold.Not a fan of Bitcoin Sharing his thoughts with former model turned Podcaster Chris Williamson, Dalio said while he prefers gold, Bitcoin still offers things the metal cannot, such as transaction tracking and “not being liked by the government.” At the same time, he questioned why Bitcoin, with a smaller market cap than Microsoft, gets more attention – conceding, “Who knows, maybe there’s some element of it I don’t understand.” “Its size is about 30% of the size of Microsoft, and Microsoft is one stock among many stocks.[But] it’s given a lot more attention.” Explaining his preference for gold over Bitcoin, the famed investor said behind dollars and euros, gold is the third highest reserve asset among central banks – adding that the yellow metal is timeless and universal.
Dalio, who is a billionaire and founder of the hedge fund Bridgewater Associates, stated that he does hold “a little bit” of Bitcoin.But given its extreme volatility, he intentionally keeps his BTC allocation low to limit downside exposure.Espousing a prudent investment strategy, Dalio said, “I don’t think a lot of Bitcoin.” Sanity-sapping? Williamson offered his take by saying being a crypto investor comes at the expense of mental well-being.He interpreted Dalio’s preference for gold as a bias toward “less sanity-sapping forms of investment.” “There is a price that you pay because of the volatility.
But the price that you pay is with your own sanity.” Dalio agreed with the assessment, saying he has seen people get very rich with crypto, but at the same time, also some who became broke because of it.Honing in on mental health, Dalio was asked about ways to cope with the unpredictable world we live in.
The famed investor pointed out that typically in depressions and war, most people remain employed and alive/uninjured – calling on people to keep things in perspective.He also recommended people be in places of goodness, harmony, and beauty, such as being in nature.When pressed on the inability to disconnect from the chaos and constant bad news – particularly negative financial news, Dalio maintained that disconnecting in nature and turning off the TV helps – adding that friends and family are much more important than money.Leave a Reply [Cancel reply](/featured/hedge-fund-billionaire-ray-dalio-doesnt-think-a-lot-of-bitcoin-but-still-holds-a-little-bit/#respond) Leave a Reply What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge.
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Learn more › Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation.CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens.It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate.For more information, visit our terms page.
Search music, film on LimeWire like the early 2000s for LMWR tokens Liam ‘Akiba’ Wright · 1 hour ago · 2 min read New promo for LimeWire public sale lets users teleport back to the mid 2000s in experiential game.2 min read Updated: April 13, 2023 at 8:51 pm Cover art/illustration via CryptoSlate Ad The NFT marketplace, and infamous internet name, LimeWire, has entered the web3 gaming space to promote the upcoming public sale of its LMWR token.The experiential browser game transports users back to the early 2000s when LimeWire was a completely different beast.LimeWire’s only tie to the original version is the domain name, with the project having a wholly separate leadership team.
However, the new operators certainly know how to push on those nostalgic buttons of Millenials worldwide.The new game guides users through a memory hall of fame for early 2000s teenagers exploring the joys of peer-to-peer (P2P) networks for the first time.The game brings back a similar user interface to the original LimeWire application, with the game set on a Windows 95 desktop.The competition aims to download as many files as possible without downloading a virus.Players can search for bands of the period and download songs until the program indicates a virus has been found and the game is over.My first effort ended with just 170 points for my “Green Day” search.
While the game is obviously marketing material for the public sale, that’s not to say that adverts can’t be fun once in a while.The designer of this ‘user activation’ clearly gets the target audience as there are clear ties from software like LimeWire to the current-day crypto industry.
For many, Bitcoin was far from the first P2P experience for most of us as we spent countless evenings torrenting a single album.We remember the joys of finding the back catalog of bands whose CDs weren’t sold near you, random bootleg live recordings, and the pain of files stuck on 97.9% because of leechers.At the University of York, we even had local networks on LimeWire to torrent files on the university intranet.Obviously, I never partook in any of these activities, which we later learned were illegal.
Yet, the P2P boom was short-lived as Lime Wire LLC was ordered to stop all file-sharing activities by a US federal court in October 2010, following a lawsuit by Arista Records LLC.Bitcoin had, however, been created the year before, in 2009, and became the next grassroots network for those within the internet’s grey areas.Seeing the name LimeWire back on the internet now that P2P networks are back in vogue is great to see.While the original creator, Mark Gorton’s, absence from the project is sad, the new game certainly brings about memories and reminds us how long we’ve been bullish on decentralization.Disclaimer: LimeWire is an advertising partner of CryptoSlate, but this is not a sponsored post; our editorial team chose to cover this news organically.What is CryptoSlate Alpha? CryptoSlate Alpha is a membership designed to empower you with cutting-edge insights and knowledge, built on top of Access Protocol.
More about CryptoSlate Alpha › Connect via Access Protocol Access Protocol is a web3-enabled monetization paywall.When users stake ACS, they get access to paywalled content and data.More about Access Protocol › Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation.CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens.It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate.For more information, visit our terms page.
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