Bridgewater Associates Plans Investment in Crypto Fund

US-based investment firm Bridgewater Associates intends to invest in a third-party crypto funds, CoinDesk has reported citing sources.

Several of them have confirmed the hedge fund does not plan to invest in cryptocurrencies on its own right now, while another source has told the publication Bridgewater plans to buy digital assets outright.

This is allegedly the first evidence since the statement by Ray Dalio, the company’s CEO, about his personal investments in Bitcoin that Bridgewater perceives cryptocurrencies as an investment asset.

A company representative said earlier last year that Bridgewater Associates may invest in BTC. And in September, Ray Dalio warned global regulators would take control of the cryptocurrency market if Bitcoin gained mainstream success.