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Published Feb 04, 2023 04:39AM ET
Updated Feb 04, 2023 05:00AM ET
Binance to Implement Bridgewater’s DOT Employees Rating System
Binance CEO Changpeng Zhao (CZ) has hinted at adopting one of Ray Dalio’s employee management systems, DOT. He said that while responding to Dalio’s Bitcoin criticism.
CZ tweeted that he loves Dalio’s DOT employees’ rating system and would implement it at Binance. He counted the DOT system among several things that he could learn from the renowned hedge fund expert.
Dalio criticized Bitcoin earlier this week, describing it as “a tiny thing that gets disproportionate attention.” He also called Bitcoin an ineffective store of wealth. Dalio said that Bitcoin has no relation to anything, and its value is less than one-third that of MSFT stock.
The hedge fund manager’s Bitcoin criticism generated a lot of reactions from the cryptocurrency industry, including comments from CZ.
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