Ray Dalio, the founder of Bridgewater Associates (one of the best hedge funds in history) and billionaire, has changed his mind and supports Bitcoin.

"I want to stay away from debt assets like bonds and debt, and have some hard assets like gold and Bitcoin," he shared.

In February 2023, Ray Dalio told CNBC that he did not like Bitcoin. "It is not going to be an effective currency... It is not an effective store of value. It is also not an effective medium of exchange."