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Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk — US-China Trade Could Collapse

Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk — US-China Trade Could CollapseBridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their relations “are getting so bad” that U.S.-China trade could collapse. He cautioned that the next 18 months “will be a very risky period.” U.S. and […]

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical

Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty.

Recent turmoil in the banking sector has shown that Bitcoin (BTC) and Ether (ETH) can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest chief executive Cathie Wood — though one long-time investor still isn’t sold.

Wood said in an April 15 interview that Bitcoin’s resilience throughout the most recent banking crisis has been “the most remarkable” of all indicators her tech-focused investment management firm is monitoring.

Bitcoin and Ether are now acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty, she claimed:

“They’re going to disrupt the traditional world order. What are Bitcoin and Ether doing? I mean by the very fact that they’re being considered flight to safety like gold, that’s really interesting and suggests much broader-based adoption and acceptance than I think most people understand.”

“We would say that there is a flight to safety, certainly led by crypto assets, and it is telling us that the world is transforming and will continue to transform. You cannot stop innovation,” she added.

Wood thinks cryptocurrency will eventually become an “election issue” when the sector becomes more broadly accepted and the public can more clearly see the kinds of regulatory pressures that the United States government are applying on the industry to maintain centralized control of money and monetary policy.

Not all share Wood’s sentiment.

Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund by assets under management, said in an April 12 interview that Bitcoin could not serve as an “effective currency” because it is too volatile and central banks won’t adopt it:

“Bitcoin is neither an effective store hold of wealth or a medium of exchange so it is not an effective currency. It has a volatility to it that has no relation to practically anything [...] it’s a very, very poor alternative to gold.”

“They can outlaw [Bitcoin]. They can regulate it. Central banks and countries pretty much don’t want it anyway,” he said, adding that it gets attention “way out of proportion” to its size.

Related: Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

Dalio strengthened his case by pointing out that gold is the third largest reserve held by central banks, trailing only the U.S. dollar and euros.

Despite previously describing Bitcoin as “one hell of an invention,” Dalio recently explained that he instead wants to see an “inflation-linked” coin be built that would serve to ensure consumers secure their buying power.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Bridgewater CIO Warns of Deeper, Longer, and ‘Much More Painful’ Recession Than What We’re Accustomed To

Bridgewater CIO Warns of Deeper, Longer, and ‘Much More Painful’ Recession Than What We’re Accustomed ToBridgewater Associates’ co-chief investment officer has warned about a recession that is “much more difficult” and “much more painful” than what we’ve been accustomed to. “The dam has been broken where fiscal policymakers are now part of the story,” said the executive of the world’s largest hedge fund. Bridgewater Executive’s Recession Warning Karen Karniol-Tambour, Bridgewater […]

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Billionaire Ray Dalio Says Bitcoin Isn’t an Effective Money, Store of Value, or Medium of Exchange

Billionaire Ray Dalio Says Bitcoin Isn’t an Effective Money, Store of Value, or Medium of ExchangeBillionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says it’s “amazing” what bitcoin has accomplished but believes the cryptocurrency is not going to be an effective money, a store of value, or a medium of exchange. Nonetheless, he stressed that “we are in a world in which money as we […]

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Fiat is in ‘jeopardy’ but Bitcoin, stablecoins aren’t the answer either: Ray Dalio

The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power.

Billionaire investor Ray Dalio has described fiat currency as being in serious “jeopardy” as an effective store of wealth but doesn’t believe Bitcoin (BTC) and stablecoins will be the solution either.

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 “effective money.”

“We are in a world in which money as we know it is in jeopardy. We are printing too much, and it's not just the United States, it is all the reserve currencies.”

However, Dalio was quick to add his thoughts on whether Bitcoin was a potential solution, acknowledging that despite what it has accomplished in “12 years,” it is still too volatile to serve as money:

"It's not going to be an effective money. It's not an effective store holder of wealth. It's not an effective medium of exchange," he argued.

He also dismissed stablecoins as an effective form of money as it is a replica of state-backed fiat currency.

Instead, Dalio proposed the creation of an “inflation-linked coin” that would serve to ensure consumers secure their buying power.

“The 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,” he said.

"So I think you're going to see the development of coins that you haven't seen that probably will end up being attractive, viable coins. I don't think Bitcoin is it," he added.

However, not everyone agreed with Dalio’s take on Bitcoin and the viability of an inflation-linked coin.

Digital asset manager Eric Weiss of Bitcoin for Family Officers was one, who told his 38,300 Twitter followers that such a coin could not exist:

"According to Ray, [Bitcoin] is very close to being the solution to the world's problems but its too volatile. He's waiting for and vaguely describes a solution that doesn't and can't exist," said Weiss.

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:

“Those populations need a fallback, an insurance policy like Bitcoin,” she said.

Related: Crypto-friendly Ray Dalio steps back from Bridgewater’s $150M fund

Dalio’s latest views on Bitcoin come despite recently labeling it “one hell of an invention” that could serve as a viable inflation hedge. However, these remarks were made on Jan. 28, 2021 — before the current bear market took effect.

The billionaire investor has also previously recommended BTC should make up 1-2% of an investors portfolio on Jan. 6, 2022.

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.

On Oct. 4, Dalio stepped down as a co-chief investment officer, but remained on board as a mentor.

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgewater Associates

Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgewater AssociatesBillionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater’s co-chief executive explained on Tuesday that “Ray no longer has the final word,” in regard to the hedge fund’s future. Hedge Fund Giant and Bridgewater Associates Founder Ray Dalio […]

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Billionaire Ray Dalio Speaks in Davos — Says ‘Blockchain Is Great, but Let’s Call It Digital Gold’

Billionaire Ray Dalio Speaks in Davos — Says ‘Blockchain Is Great, but Let’s Call It Digital Gold’This week the world has been talking about the World Economic Forum (WEF) meeting in Davos, Switzerland, which started on May 22 and ends on May 26. At the event, Bridgewater Associates founder Ray Dalio spoke about today’s economy, the Federal Reserve, cash, and cryptocurrencies. Dalio noted at the WEF conference that he believes blockchain […]

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto

Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban CryptoBillionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his view on cryptocurrency investing and the future of money. He believes that crypto will be banned by different governments. Ray Dalio on the Future of Money and Crypto Bridgewater Associates founder Ray Dalio discussed cryptocurrency regulation and the future […]

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Billionaire Ray Dalio Insists Governments Could Outlaw Bitcoin

Billionaire Ray Dalio Insists Governments Could Outlaw BitcoinBillionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has reiterated his warning that governments could outlaw bitcoin. “In history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw bitcoin,” he stressed. Ray Dalio Continues to Warn About Governments Outlawing Cryptocurrency Bridgewater Associates founder Ray Dalio […]

Bank of England cuts interest rate to 4.75% as UK inflation falls below target

Billionaire Ray Dalio’s Investing Advice: Avoid Cash, Think in Inflation-Adjusted Dollars, Crypto Helps Diversify

Billionaire Ray Dalio’s Investing Advice: Avoid Cash, Think in Inflation-Adjusted Dollars, Crypto Helps DiversifyBillionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his investment strategy with cryptocurrency as part of his portfolio. He warned that cash is the worst investment because it is eaten away by inflation. Ray Dalio’s Investment Advice: Cash Is Depreciating, Diversify Portfolio Well Bridgewater Associates founder Ray Dalio […]

Bank of England cuts interest rate to 4.75% as UK inflation falls below target