"Personally, I’d rather have bitcoin than a bond," says Ray Dalio, speaking at Coindesk's Consensus conference. Later in the interview, Dalio said, "I have some bitcoin." [The interview was recorded on May 6, and broadcast today]While it previously would have been incorrect to call Dalio a no-coiner, The Oracle of Westport had been skeptical, with his top argument being that bitcoin might become a victim of its success, i.e. that governments would ban it were the crypto to become too large of a threat to their monetary monopoly.He notes the market cap of Bitcoin now is about $1T (though that's dropped considerably since May 6) vs. about $23T for all the U.S. government debt out there. We're in the part of the cycle, he says, where government money printing is causing just about everything (bitcoin included) to go up, and warns next steps - as the government tries to get
