--- title: "Governments Could Boycott Bitcoin, Billioner Ray Dalio Says \"They've Outlawed Gold'" description: "the news is telling about the comment that is made by a billion Ray Dalio, who said that Bitcoin could be banned by the government in the Global aspec" author: "Sanjay Goenka" published: 2022-01-04 updated: 2022-01-04 canonical: https://www.mindstick.com/news/1183/governments-could-boycott-bitcoin-billioner-ray-dalio-says-they-ve-outlawed-gold category: "cryptocurrency" tags: ["bitcoin", "technology news", "cryptocurrency"] reading_time: 2 minutes --- # Governments Could Boycott Bitcoin, Billioner Ray Dalio Says "They've Outlawed Gold' > **Ray Dalio, the Billionaire has made a warning statement about cryptocurrencies and said world governments could boycott Bitcoin.** Dalio has often spoken about the myth and debatable points in cryptocurrency and especially Bitcoin. And said that Bitcoin could be killed together ### Highlighted Points - Dalio has apprehension about the subject of Bitcoin and he thinks that Bitcoin is a threat to the [government](https://yourviews.mindstick.com/view/276/performance-of-government-in-the-center)’s Monopoly. - He also said the decentralized nature of Bitcoin is an issue. - Despite making such comments about the cryptocurrency, the billionaire has some tokens of Bitcoin and Ether. ## \ **Read More: [Cryptocurrency Exchanges is under Probe for Tax Evasion of Rs 70 crore: DGGI](https://www.mindstick.com/news/1176/cryptocurrency-exchanges-is-under-probe-for-tax-evasion-of-rs-70-crore-dggi)** The founder of ‘Bridgewater Associates’ the world's largest Hedger fund Ray Dalio, has appraised the investors in Bitcoin and other cryptocurrencies and said that the government, at the [Global level](https://answers.mindstick.com/qa/100947/what-are-the-challenges-in-addressing-cybersecurity-threats-at-a-global-level) could boycott them and can make them outlaw the currency. He also added that this is a type of unregulated and decentralized [digital currency](https://www.mindstick.com/news/1151/binance-turkey-unit-slapped-with-try-8-million-for-violations-of-digital-currency-laws). The current price of Bitcoin in the [international market](https://www.mindstick.com/blog/303858/how-rank-your-business-quickly-in-local-national-international-market) is about $46,900 that is about the 34 [Lakh Rupees](https://answers.mindstick.com/qa/94477/i-want-to-buy-a-new-suv-car-with-a-budget-of-16-lakh-rupees-which-car-should-i-buy) in India. The reason behind taking the step back from his opinion was the chances of [challenges](https://www.mindstick.com/articles/325216/challenges-faced-by-technologists-while-performing-the-cloud-migration-process) that could face in the form of an alternate currency and the fear could be faced by the banks of the world. Dalio has also said as “In History, they have outlawed Gold and Outlawed silver, and so on and hence they could also ban the Bitcoin. Every government wants to have a monopoly on its currency. The above-quoted statement is shown on the site of Bitcoin.com In May, he also said that the government has a plan to strict the [rules and regulations](https://answers.mindstick.com/qa/37865/which-act-is-associated-with-courts-can-interpret-the-rules-and-regulations) for functioning in the cryptocurrency. And hence the government can also restrict the use and can ban Bitcoin as well. #### \ #### Read More: [17,000 Crypto Coins Owner Michael Saylor, MicroStrategy CEO Stash The Surge in Bitcoin: Report](https://www.mindstick.com/news/1121/17-000-crypto-coins-owner-michael-saylor-microstrategy-ceo-stash-the-surge-in-bitcoin-report) Saylor, the person who can be counted in the list of [billionaires](https://yourviews.mindstick.com/view/80914/coronavirus-hitting-the-wealth-of-worldwide-billionaires-badly) has also compared Bitcoin from the Gold and hence also predicted the price of Bitcoin about $6 m, million in the future which is about Rs 45 Crore in Indian currency. --- Original Source: https://www.mindstick.com/news/1183/governments-could-boycott-bitcoin-billioner-ray-dalio-says-they-ve-outlawed-gold Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.