Popular name in the hedge fund world Ray Daliorecently shared his views on the cryptocurrency market. Dalio claimed that digital currencies like Bitcoin are not very good for investing as they do not ‘copy’ anything.
Joining William Green’s “We Study Billionaires” podcast, hedge fund legend Ray Dalio has voiced his thoughts on cryptocurrencies, specifically Bitcoin.
Investor known for his success, with blockchain technology cryptocurrency He underlined that he believes there is a distinction between units. According to the billionaire, while blockchain is an excellent technology, cryptocurrencies are not a good option for investors.
Dalio argues that digital currencies do not copy anything and are therefore an ineffective store of wealth.
dalio, bitcoinHe pointed out that the total value of Microsoft is a fraction of the stock. As a result, according to Dalio, this is disproportionate to the real reality of people.
Dalio believes that over time there will be better cryptocurrencies, such as those that provide inflation and the equivalent of purchasing power. He is of the opinion that most currencies are debt instruments with low returns on inflation, but a good digital currency has not yet been created.
Attention to the Distinction Between Cryptocurrency and Blockchain!
While acknowledging the technology behind cryptocurrencies, Ray Dalio noted that the “hype” surrounding them is disproportionate to their true value. As an experienced investor, she emphasizes the importance of seeking effective wealth stores and being cautious when investing in digital currencies.
The hedge fund manager also expressed his views on the current economic environment, stating that creating debt and money is becoming more and more problematic.
He stated that people will need to look for alternative stores of wealth, and he believes that understanding the five fundamental forces of the economy, including money and credit, can help investors overcome difficult situations.
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