Bitcoin's Mainstream Will Kill It, Says Ray Dalio
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American billionaire Ray Dalio doubts that bitcoin (EXANTE: Bitcoin) will last long if it gains mainstream adoption. In an interview with CNBC, Dalio suggested that international regulators will likely destroy the largest cryptocurrency by market capitalization by any means:

"I think at the end of the day if it is 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."

Ray Dalio: Bitcoin is One Hell of Invention

However, the founder of Bridgewater Associates believes there is still a third way for the cryptocurrency: to be regulated. He cited El Salvador's legalization and China's total ban as examples of various outcomes for bitcoin. In the end, he admitted that bitcoin represents a "possibility" for the alternatives to cash and all the alternatives to the other financial assets.

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Dalio's suggestions come after Coinbase said that the US Securities and Exchange Commission (SEC) threatened to sue it for launching the lending service called Lend. According to Coinbase CEO, Brian Armstrong, representatives of the exchange contacted the SEC to notify the regulator of the launch of the new product. Nonetheless, the agency has classified the lending service's loans as unregistered securities.

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