MUMBAI: Renowned billionaire hedge fund manager Ray Dalio today admitted to owning “some” Bitcoin as he stressed the argument that the cryptocurrency can act as the best store of value in an inflationary environment. The sharp change in Dalio’s position will come as music to the ears of cryptocurrency investors who have been battered by an intense meltdown in the asset class over the past week. The value of Bitcoin alone has crashed over 50 per cent from its record high although the cryptocurrency staged some comeback on Monday as it rose as much as 15 per cent. At 08:27 pm, Bitcoin was trading 10.7 per cent higher at $37,711 on cryptocurrency exchange WazirX.