Hedge Fund Billionaire Ray Dalio Has Officially Bought Bitcoin

<p><span style="font-weight: 400;">Today’s episode of “The Breakdown” is split into two parts. In part one, NLW recaps the latest out of China, including:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Interpretations of Friday’s surprise targeting in a speech by the Vice Premier</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">A weekend market crash, the second of the week </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Miner selling and the motivations behind it</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">What to watch for in the coming days </span></li> </ul> <p><span style="font-weight: 400;">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.</span></p> <div data-pm-slice="1 1 []" data-en-clipboard="true">--</div> <div>Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io</div> <div>--</div> <div>Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</div> <div>Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</div> <div>Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=</div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: https://twitter.com/nlw</div> <div>Breakdown: <a href="https://twitter.com/BreakdownNLW" rev= "en_rl_none">https://twitter.com/BreakdownNLW</a></div> <div> </div> <div>The Breakdown is produced and distributed by CoinDesk.com</div>