While hardly a fan, one month later, Dalio's view on the cryptocurrency warmed significantly when during a Reddit AMA session, the billionaire said that bitcoin and other cryptocurrencies had "established themselves" over the last 10 years and were interesting "gold-like asset alternatives." The billionaire hedge-fund manager also noted that cryptocurrencies share similarities and differences to gold and various "limited-supply, mobile (unlike real estate) storeholds of wealth."

Bitcoin "could serve as a diversifier to gold and other such storehold of wealth assets," said Dalio. "The main thing is to have some of these type of assets … including stocks, in one's portfolio and to diversify among them."

Well, fast forward another two months when in a dramatic reversal from his previous skepticism, the founder of the world's biggest hedge fund (excluding central banks), said that Bitcoin is "one hell of an invention" and, more importantly, Dalio is considering cryptocurrencies as investments for new funds offering clients protection against the debasement of fiat money.

"I and my colleagues at Bridgewater are intently focusing on alternative storehold of wealth assets and expect Bridgewater to soon offer an alt-cash fund and a storehold of wealth fund in order to better deal with the devaluation of money and credit that we consider to be a major risk and opportunity, and Bitcoin won't escape our scrutiny."

Translated, this means that in the near future Bridgewater itself will be buying bitcoin.