Hedge-fund billionaire Ray Dalio says regulators will 'kill' bitcoin if it gets too successful

Ruben Sprich/Reuters
If bitcoin is successful, the US government 'will try to kill it,' hedge fund heavyweight Ray Dalio said Wednesday on CNBC.
Dalio has previously said the government doesn't want alternative currencies challenging the dominance of the US dollar.The SEC chief on Tuesday said the agency is working on rules to bolster oversight of the crypto market.See more stories on Insider's business page.
Ray Dalio, founder of Bridgewater Associates, said on CNBC he foresees regulators takin