Famous investor Ray Dalio announced that he is eyeing the non-fungiable token (NFT) field, which includes many altcoin projects. Dalio made these statements on the Lex Friedman podcast. Cryptocoin. com we are conveying the details…
Ray Dalio drew attention to NFTs with many altcoin projects
Billionaire Ray Dalio was one of those who expressed interest in jumping into the field that has taken the crypto world by storm. Dalio touches on a number of key topics and NFTs in a podcast where he talks about money, its implications and the crypto market. The billionaire investor states that he plans to enter the NFT field. He talked about buying just one at first. But then Fridman told Dalio that he actually needed to print one himself to see how the process was going, and Dalio agreed, saying, “I think I should produce one.”
However, he states that some caution should be exercised with new things. He added that there will always be some things that fail in the long run. “Like all new, real things, some will go… you know, like the internet in 2000,” the billionaire said.
Dalio is a supporter of the crypto industry and has revealed in the past that he has some, if not a significant, amount of Bitcoin and Ethereum in his portfolio. Now he has focused on the NFT space, believing that it can be a good competitor in the future competition between various currencies. He states that there will be various types of money in what he calls “money competition,” with Bitcoin being one of them. Dalio added that even central banks will produce their own cryptocurrencies. As for NFTs, he explained, they could become a kind of money in the future. He thinks investors will choose cryptocurrencies like Bitcoin when it comes to preferred ownership.
