My investing muse - Ray Dalio said "crypto maybe outlawed" (08Jan2022)

During a recent interview with Yahoo Finance, Ray Dalio has shared his concerns that Cryptocurrencies may be outlawed.  Governments would want a monopoly on money and they have concerns that Cryptocurrencies may jeopardise their currencies' role - leading to depreciation & dilution of value.  Mr Dalio has also expressed his preference for gold over Bitcoin (BTC) despite their performance.  However, this does not stop Mr Dalio from owning some cryptocurrencies.

The volatility of BTC can render its own downfall, as a medium of exchange.  Of course, the people would not mind when BTC appreciated but it could also post equal downside.  For regular citizens, the drop of value from USD$63,000 to USD$28,000 within 3 months (Apr 2021 to Jul 2021) can lead to much chaos.   

On its way to being a successful currency, cryptocurrency will be a threat to the legal currencies, thus, leading to a possible ban.  India and China have respectively placed various bans on Crypto.

We cannot deny the power of blockchain.  Let us also not forget to monitor the regulatory developments and most importantly, take profits (or cut loss) for such volatile assets.