London Stock Exchange-traded miner Argo Blockchain announced record profits in its Q2 earnings report, per a press release. The bitcoin mining firm now holds over 1,100 bitcoin worth $50 million.
“I think Bitcoin is the future. It’s definitely going to be long term, but in ten years’ time, people who invested will be laughing. Just look at how money is inflationary, compared to Bitcoin, which isn’t.”
Ray Dalio, co-chief investment officer of Bridgewater Associates, one of the world’s largest hedge funds, owns some Bitcoin, but in an interview with CNBC today he demonstrated that he doesn’t understand or believe in it as a superior store of value to gold.
Venture capitalist Marc Andreessen continues to send mixed signals on Bitcoin at a time when it remains unclear how supportive the influential firms he has founded are of the technology.