Fintech startup with investments from DiCaprio may go public, and Ray Dalio chooses BTC
Aspiration fintech project of Andrey Cherny and Joseph Sanberg may become public
Fintech project Aspiration, which has previously been invested by actors Leonardo DiCaprio and Robert Downey Jr. and eBay co-founder Jeff Skolley, may go public this year. It is not yet known exactly how this will go — through a public offering on the stock exchange or otherwise.
Aspiration was launched in 2013 by Andrey Cherny and Joseph Sunberg. The startup is working in the field of socially responsible investment. The funds managed by the company will under no circumstances be used to finance projects that are related to politics, trade or production of firearms and fossil fuels.
According to the Crunchbase portal, Aspiration raised about $250 million in total. According to open information, 41 investors have invested in the startup.
Ray Dalio prefers BTC over bonds
Ray Dalio, CEO of Bridgewater Associates, talked about buying a small amount of bitcoins, because he considers this asset to be an excellent store of value. According to the financier, the US dollar is now on the verge of devaluation, similar to the one that occurred in 1971.
One of the threats to the US currency is the Chinese yuan, which could cause the dollar to lose its position as the world’s reserve currency. Against this background, BTC makes an increasingly pleasant impression. However, Dalio does not exclude that the authorities of many countries may declare the first crypto-coin “outlawed”.
“Personally, I’d rather have bitcoin than a bond [in an inflationary scenario]. However, the biggest risk for Bitcoin is its success, ” Dalio said.
MicroStrategy believes that making Bitcoin a reserve asset is the direct responsibility of IT companies
Phong Le, CEO of MicroStrategy, is confident that making BTC a reserve asset is the direct responsibility of IT companies.
“If you’re not putting any of [your corporate treasury] into bitcoin, I don’t think you’re doing your fiduciary responsibility,” the top manager said.
According to the top manager of MicroStrategy, such a commitment should become a priority for companies that offer clients financial products based on bitcoin.
“To do so credibly, you have to go all in, you have to put bitcoin on your balance sheet,” he added.