Crypto-friendly Ray Dalio steps back from Bridgewater’s $150 million fund

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Crypto-friendly Ray Dalio steps back from Bridgewater’s $150 million fund
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From deep skepticism to recommending to put 1-2% of funds to BTC — Ray Dalio's views on crypto show the industry's rapid evolution.

After 47 years in charge of the world’s largest hedge fund, Bridgewater Associates, its founder Ray Dalio has finished a leadership transition that began in February. He is no longer one of three co-chief investment officers but will remain a chief investment officer mentor and Operating Board member.on Oct. 4 on Bridgewater’s corporate website, the firm and Dalio completed the necessary and required legal, regulatory and investor requirements to finish the transition procedure.

One of the most powerful figures in the global financial market, Dalio demonstrated a healthy evolution of his views on crypto. Back in 2017, he called Bitcoin (

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