What You Need to Know The billionaire investor says he prefers Bitcoin to U.S. government bonds. As popularity of Bitcoin grows, money will move out of bonds into Bitcoin, threatening government control over bonds, he says. Don't confuse the real economy with the financial economy, he says. Famed billionaire investor Ray Dalio who founded Bridgewater Associates, said he owns some Bitcoin and prefers it to U.S. government bonds. Speaking in an interview with CoinDesk that was taped May 6 but not released until Monday, the first day of the crypto site’s Consensus 2021 virtual conference, Dalio said “cash is trash” and bonds have negative yields, which leads investors to seek other assets to store their wealth. Some of those investors are now buying Bitcoin, whose “biggest risk is its success,” Dalio said.