Ray Dalio, an American financier and billionaire founder of the investment fund Bridgewater Associates, said that regulators will destroy Bitcoin if the cryptocurrency becomes even more successful.

If the popularity of digital currency continues to grow, regulators will try to take control of it, Dalio is sure. “I think that they will succeed, inasmuch as they have the appropriate capabilities,” said the billionaire.

Meanwhile, Dalio said that bitcoin has no objective value. However, the billionaire investor believes that cryptocurrency is a good alternative to cash.