Bridgewater Fund Dalio: As Bitcoin grows in importance it will be regulated, but that doesn't mean it can't be distributed.

Dalio, founder of the world's largest investment fund, Bridgewater Fund, told media on Wednesday that if Bitcoin becomes truly viable, regulators will eventually take control of the cryptocurrency.

"Ultimately, if successful, [regulators] will kill him immediately or do their best to kill him," Dalio added.

"El Salvador has accepted it, India has banned it, and the United States is discussing how to control it. Ultimately, it can control it."

Dalio said that Bitcoin has no value, which means the assets do not have significant value and target value. "Historically, there are a lot of things that are not important but useful."

Perceived value refers to the consumer's understanding of the value of a product or service. Unlike the traditional concept of price, knowing the price is an investor's pricing decision and is a matter of external considerations.

At the same time, Dalio said in an interview with CNBC: "First of all, don't bring money because money is a waste."

According to the Bloomberg Billionaires Index, Dalio, 72, is worth $ 15.6 billion. “I have invested some of my money in Bitcoin, but it is only a fraction of my investment in gold, and gold has a small fraction compared to other assets,” he said. declared.

The billionaire said the government doesn't want cryptocurrencies to be successful, but that doesn't mean investors shouldn't split their investments.

Bitcoin, the world's largest digital currency, has grown by more than 60% this year, but has come under scrutiny by regulators, with police fearing that investors may enter the market for money. cryptocurrency.

At a SALT meeting in New York this afternoon, Dalio was asked this week for a forecast for Bitcoin by Cathy Wood of Ark Investment Management, who believes Bitcoin will rise 10 times its current level in five years.

Bridgewater's Pure Alpha II hedge fund is up 1.4% through August of this year. The company manages $ 105 billion in plan assets.