Ray Dalio, founder of Bridgewater Fund: Holding a small amount of Bitcoin as a diversified investment, but not thinking that the central bank will hold Bitcoin

According to Foresight News, Bridgewater Fund founder Ray Dalio said in his Chinese podcast debut that he holds a small amount of Bitcoin as a diversified investment vehicle, but gold is more attractive than Bitcoin. Dalio believes that gold is the second largest reserve currency, and Bitcoin as a reliable currency that can store wealth still has some shortcomings, such as central banks will not hold Bitcoin. Dalio stressed that gold is the only asset that an individual can own rather than others’ debts. (Note: Non-other liabilities mean that their value is determined by market supply and demand and is not affected by the solvency of any issuer, government or bank)


Furthermore, when it comes to stablecoins, Dalio says stablecoins have significant advantages in trading, but they usually do not provide interest, which makes them less profitable as wealth storage tools than money assets that provide interest. Dalio believes that inflation index bonds that can provide compensation based on inflation rates are better asset choices than stablecoins, but buyers of stablecoins are usually emerging market users who do not pay much attention to interest rates and pay more attention to trading convenience.

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