{"id":547122,"date":"2023-02-03T04:20:41","date_gmt":"2023-02-03T01:20:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fiat-is-in-jeopardy-but-bitcoin-stablecoins-arent-the-answer-either-ray-dalio\/"},"modified":"2023-02-03T04:20:41","modified_gmt":"2023-02-03T01:20:41","slug":"fiat-is-in-jeopardy-but-bitcoin-stablecoins-arent-the-answer-either-ray-dalio","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fiat-is-in-jeopardy-but-bitcoin-stablecoins-arent-the-answer-either-ray-dalio\/","title":{"rendered":"# Fiat is in &#8216;jeopardy&#8217; but Bitcoin, stablecoins aren&#8217;t the answer either: Ray Dalio"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a360d4724767\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a360d4724767\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/fiat-is-in-jeopardy-but-bitcoin-stablecoins-arent-the-answer-either-ray-dalio\/#%E2%80%9D_Fiat_is_in_%E2%80%98jeopardy_but_Bitcoin_stablecoins_arent_the_answer_either_Ray_Dalio_%E2%80%9C\" >&#8221; Fiat is in &#8216;jeopardy&#8217; but Bitcoin, stablecoins aren&#8217;t the answer either: Ray Dalio &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Fiat_is_in_%E2%80%98jeopardy_but_Bitcoin_stablecoins_arent_the_answer_either_Ray_Dalio_%E2%80%9C\"><\/span>&#8221; Fiat is in &#8216;jeopardy&#8217; but Bitcoin, stablecoins aren&#8217;t the answer either: Ray Dalio &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvYjhlNWM4NzMtOGQwYS00OWRiLTlmZWEtYTNhYzI2MjU1NjgwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a4050f8>Billionaire investor Ray Dalio has described fiat currency as being in serious \u201cjeopardy\u201d as an effective store of wealth but doesn\u2019t believe Bitcoin (BTC)\u00a0and stablecoins will be the solution either.<\/p>\n<p>Dalio, the founder of hedge fund firm Bridgewater Associates explained on CNBC Squawk Box on Feb. 2 that the mass money printing of the United States Dollar and other reserve currencies has him questioning whether they are forms of \u201ceffective money.\u201d<\/p>\n<blockquote><p>\u201cWe are in a world in which money as we know it is in jeopardy. We are printing too much, and it&#8217;s not just the United States, it is all the reserve currencies.\u201d<\/p><\/blockquote>\n<p>However, Dalio was quick to add his thoughts on whether Bitcoin was a potential solution, acknowledging that despite what it has accomplished in \u201c12 years,\u201d it is still too volatile to serve as money:<\/p>\n<p>&#8220;It&#8217;s not going to be an effective money. It&#8217;s not an effective store holder of wealth. It&#8217;s not an effective medium of exchange,&#8221; he argued.<\/p>\n<p>He also dismissed stablecoins as an effective form of money as it is a replica of state-backed fiat currency.<\/p>\n<p>Instead, Dalio proposed the creation of an \u201cinflation-linked coin\u201d that would serve to ensure consumers secure their buying power.<\/p>\n<p>\u201cThe closest thing to that is an inflation index bond, but if you created a coin that says OK this is buying power that I know I can save in and put my money in over a period of time and transact in anywhere, I think that would be a good coin,\u201d he said.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">&#8220;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> has no relation to anything. It&#8217;s a tiny thing that gets disproportionate attention,&#8221; says <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RayDalio?ref_src=twsrc%5Etfw\">@RayDalio<\/a> on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a>. &#8220;The value of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> is less than 1\/3 of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSFT<\/a> stock. It&#8217;s not an effective store of wealth. But we are in a world where money as we know it is in jeopardy.&#8221; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Cc7o2TwkxG\">pic.twitter.com\/Cc7o2TwkxG<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1621142729660207105?ref_src=twsrc%5Etfw\">February 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&#8220;So I think you&#8217;re going to see the development of coins that you haven&#8217;t seen that probably will end up being attractive, viable coins. I don&#8217;t think Bitcoin is it,&#8221; he added.<\/p>\n<p>However, not everyone agreed with Dalio\u2019s take on Bitcoin and the viability of an inflation-linked coin.<\/p>\n<p>Digital asset manager Eric Weiss of Bitcoin for Family Officers was one, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Eric_BIGfund\/status\/1621203553611030528\">told<\/a> his 38,300 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers that such a coin could not exist:<\/p>\n<p>&#8220;According to Ray, [Bitcoin] is very close to being the solution to the world&#8217;s problems but its too volatile. He&#8217;s waiting for and vaguely describes a solution that doesn&#8217;t and can&#8217;t exist,&#8221; said Weiss.<\/p>\n<p>ARK Invest CEO Cathie Wood also had a different view of Bitcoin, referring to it as a defense against wealth confiscation in parts of the developing world:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cI\u2019m struck that the market is now leading the Fed,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ARKInvest?ref_src=twsrc%5Etfw\">@ARKinvest<\/a> Founder <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CathieDWood?ref_src=twsrc%5Etfw\">@CathieDWood<\/a> says on bond market downtrends.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/DDNw4dbOPD\">https:\/\/t.co\/DDNw4dbOPD<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/AAS0UWf0kh\">pic.twitter.com\/AAS0UWf0kh<\/a><\/p>\n<p>\u2014 Yahoo Finance (@YahooFinance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/YahooFinance\/status\/1621165808779935744?ref_src=twsrc%5Etfw\">February 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cThose populations need a fallback, an insurance policy like Bitcoin,\u201d she said.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto-friendly Ray Dalio steps back from Bridgewater\u2019s $150M fund<\/em><\/strong><\/p>\n<p>Dalio\u2019s latest views on Bitcoin come despite recently labeling it \u201cone hell of an invention\u201d that could serve as a viable inflation hedge.\u00a0However, these remarks were made on Jan. 28, 2021 \u2014 before the current bear market took effect.<\/p>\n<p>The billionaire investor has also previously recommended BTC should make up 1-2% of an investors portfolio on Jan. 6, 2022.<\/p>\n<p>As an investment product, the hedge fund manager said in May. 24, 2021 that he would rather buy BTC over bonds but later stated on Aug. 5, 2021, that he still prefers gold.<\/p>\n<p>On Oct. 4, Dalio stepped down as a co-chief investment officer, but remained on board as a mentor.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/fiat-is-in-jeopardy-but-bitcoin-stablecoins-aren-t-the-answer-either-ray-dalio\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Fiat is in &#8216;jeopardy&#8217; but Bitcoin, stablecoins aren&#8217;t the answer either: Ray Dalio &#8220; Billionaire investor Ray Dalio has described fiat currency as being in serious \u201cjeopardy\u201d as an effective store of wealth but doesn\u2019t believe Bitcoin (BTC)\u00a0and stablecoins will be the solution either. Dalio, the founder of hedge fund firm Bridgewater Associates explained&#8230;<\/p>\n","protected":false},"author":1,"featured_media":547123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/b8e5c873-8d0a-49db-9fea-a3ac26255680.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,75159,116545,75269,74355,117,70550],"class_list":["post-547122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-digital-currency","tag-reserve-bank","tag-us-government","tag-adoption","tag-business","tag-federal-reserve"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/547122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=547122"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/547122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/547123"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=547122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=547122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=547122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}