Ray Dalio Shares Views On Bitcoin And Financial Markets
Ray Dalio, expressed his insights about Bitcoin, in which case he predicted a bullish run. Ray Dalio, stated the attributes that good money should have. And he explained that good money is a means by which wealth can be stored on a worldwide scale, and is an acceptable means by which people can trade.
According to Dalio, at present the top currencies in the world are: Dollar, Chinese Renminbi, Euro, and Yen. But he emphasized that currently, these top currencies are in debt. This indicates that if these currencies are bought and held, you're invariably tied to the debt liabilities of these currencies.
In opposition to the top currencies earlier mentioned, gold doesn't have any debt tied to it - and this makes gold stable, even against inflation. For this reason, expert investors and Central banks have shown preference for gold.
Ray Dalio mentioned that cryptocurrencies are similar to gold in that regard - as cryptocurrencies don't have debt tied to it. He stated that gold and cryptocurrencies are better assets, that can be relied on as hedge, and that they can be used to diversify your portfolio. Ray Dalio made it clear that this wasn't an investment advice, but his opinion on the markets.