Billionaire Ray Dalio Says Bitcoin Isn't an Effective Money, Store of Value, or Medium of Exchange

Billionaire Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, says it's “amazing” what bitcoin has accomplished but believes the cryptocurrency is not going to be an effective money, a store of value, or a medium of exchange.

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Bitcoin BTC
$ 25750.72

Timeline of Bitcoin

Bitcoin [BTC]: The rest of the month may not be fruitful, here is why - AMBCrypto

According to CryptoQuant analyst Axel Adler Jr, due to the bullish nature of the general cryptocurrency market since the year began, the Realized Capitalization metric for many assets grew significantly in the past 20 days.

Bitcoin Price Analysis: Optimism Above 23381 - 5 February 2023 - Crypto Daily

BTC/USD Slightly Rebounds:  Sally Ho's Technical Analysis – 5 February 2023 Bitcoin (BTC/USD) rebounded slightly early in the Asian session as the pair rallied back above the 24000 figure after bottoming out around the 23257.71 area, a move lower that represented another test of the 200-hour simple moving average.  The recent surge to the 24262.18 area occurred after Stops were elected above the 24224.60 level, an upside price objective related to buying pressure that emerged around the 15460 and 20370.01 areas.

Bitcoin (BTC) Ready for 'Impulse,' Super-Rare Indicator Says - UToday

The principles of Bitcoin (BTC) price correlation with crucial macro-economic indicators is still yet to be studied, but some obvious patterns have already formed. One of them has just flashed a super-rare bullish signal.

Strategist at $1,300,000,000 Crypto Fund Betting on Bitcoin, Ethereum and One Altcoin That's Causing ‘Excitement' - The Daily Hodl

The chief investment officer (CIO) of Bitwise Investments, Matt Hougan, is naming his top three crypto assets. Hougan says in a new Stansberry Research interview that Bitcoin (BTC) and Ethereum (ETH) are the “two big horses” that investors should have in their crypto portfolio. “I'll talk about three that catch my eye right now.

Bitcoin, Ethereum Gain Massively; Big Eyes Coin Rakes In $22M as Crypto Skyrockets - Crypto Daily

On Thursday, the cryptocurrency market had a major upward surge, helping the weekend get off to a good start. A 100% increase in trade volume helped the global crypto market valuation rise by more than 3%.

5 Bottlenecks for Growth of Big Eyes Coin, Bitcoin and Ethereum in 2023 - Crypto Daily

The crypto world has come of age as it has now become a global village of thousands of cryptocurrencies and decentralized applications. While established crypto brands like Bitcoin and Ethereum are still relevant, an influx of new and innovative cryptocurrencies like Big Eyes Coin have already made their presence felt.

Bitcoin, Ethereum Technical Analysis: ETH Remains Near $1,700 to Start the Weekend  - Bitcoin

Ethereum continued to trade close to a key resistance level of $1,700 on Saturday, following Friday's U.S. non-farm payrolls (NFP) report. Yesterday's report showed that 517,000 jobs were added to the U.S. economy in January, better than the 185,000 many were expecting. Bitcoin mostly consolidated however, as traders moved to take recent profits.

Bitcoin Derivatives Market Volumes Show Bullish Trend After 2022 Downturn - Bitcoinist

Bitcoin continues to see a bullish uptrend across the board, with the derivatives market volume witnessing an upturn in fortunes. BTC prices in futures contracts have begun to exceed spot market prices indicating that traders are gaining confidence in the derivatives market.

Bitcoin Under Dire Straits-Will Bulls Triumph or the Bears Win in the Game of Chess? - CoinPedia

The past weekend was pretty bullish for the entire space as the Bitcoin price broke out of the consolidation and formed a new ATH above $24,000. Woefully, the trend has flipped notably as the bears appear to have gained dominance and attempting the cap the upper resistance at $23,500.

What's Next For Bitcoin and Ethereum? Experts Weigh In - CoinPedia

On Saturday, the cryptocurrency market showed a decrease in its previous level of volatility, with a 1.5% drop in the prices of Bitcoin and Ethereum. Despite this, profit-taking in the crypto market remains high, with over $98 million liquidated in the past 24 hours.

Bitcoin Bitcoin
25759.9000 -4.63%
Ethereum Ethereum
1813.67000 -3.58%
276.732000 -8.83%
0.50796600 -4.89%
Cardano Cardano
0.35043500 -7.15%