So, Ray Dalio made this bold proclamation, huh?
Feels like I was saying this over a week ago, but no big deal. We'll assume he arrived there on his own!
Just kidding. Of course Dalio is brilliant and has plenty of reason to say what he said.
We saw the first sign of what might be to come last week, when India cracked down on blockchain and cryptocurrency in an effort to begin its own government-sponsored alternative.
We're going to see more of this.
Remember, governments aren't fans of folks taking their power. And their control over currency is a major way in which governments maintain authority.
It's especially interesting in America, as the government spends and spends and spends.
Some theorists believe that in modern days, the government can blow out spending without risking inflation.
But even if that is true in ideal circumstances, it's going to be much harder if a legitimate alternative begins to arise.
That's the threat that the government perceives in cryptocurrency, and one of the reasons that Dalio thinks a ban might happen.
But would that be the end of the world? Of course not.
There will always be new avenues to invest.
In the meantime, if you're interested in crypto but worried about volatility, there are tons of crypto-related stocks that you can potentially invest in.
Those are a good way to hedge against the risk of government intervention while holding something of value that can rise with crypto.
Have a fantastic Sunday! | 
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