Ray Dalio says if bitcoin is really successful, regulators will 'kill it'


Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019.

Thomas Peter | Reuters

Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, believes regulators would take control of bitcoin if the cryptocurrency gains mainstream success.

“I think at the end of the day if it’s really successful, they will kill it and they will try to kill it. And I think they will kill it because they have ways of killing it,” Dalio told Andrew Ross Sorkin Wednesday on CNBC’s “Squawk Box” at the SALT conference in New York.

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