The bitcoin price, currently bouncing around $18,000 per bitcoin, has climbed back to its late-2017 all-time highs—up more than double from January. MORE FROM FORBES Why 2021 Is Set To Be Even Bigger For BitcoinThe bitcoin price has soared this year as big banks on Wall Street and high-profile investors ... [+] increasingly look to bitcoin as an alternative to gold. Dalio, who famously branded bitcoin a "bubble" in 2017, appears to have changed his mind on whether bitcoin can act as a store of value. The bitcoin price soared to around $20,000 in late 2017 after beginning the year at under $1,000. Last month, there were signs Dalio might be softening his stance on bitcoin, posting to Twitter that he "might be missing something about bitcoin."

Source: Forbes December 12, 2020 10:41 UTC