On Friday, sources said ray Dalio, founder of Bridgewater fund, told the bitcoin conference at Texas A & M University that bitcoin has proved itself to be a currency with estimated value.

He reiterated that the largest cryptocurrency has never been attacked by hackers, and its adoption rate continues to grow. Mr Dario said investors should not focus on just one thing. Instead, they should try to diversify their portfolio with bitcoin because "it has value.".

Dario said a month ago that bitcoin could face major resistance as the government tries to control decentralized cryptocurrencies. "Every country values its monopoly in controlling supply and demand," he said. They don't want other funds to continue to operate or compete because things could get out of control. So I think it's very likely that in some cases it will be banned like gold. "

At the end of March, the Indian government amended its company law to require companies to disclose their holdings of cryptocurrency. Despite speculation that India is about to ban cryptocurrency altogether, the finance minister said the government prefers a more precise approach to cryptocurrency. Shaktikanta DAS, Bank of India's reserve bank, said the central bank and the Ministry of Finance share the same view on cryptocurrency.

US Federal Reserve Chairman Powell also indicated his disapproval of cryptocurrency before, he said: "cryptocurrency is more of a speculative asset, which is actually a substitute for gold, rather than a substitute for the US dollar."

The price of bitcoin broke through the US $63000 mark for the first time this week, reaching an all-time high. The cryptocurrency was first reported at US $61853.7.

(2021-4-17)