Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates poor monetary policy decisions of central banks.
Ray Dalio says Bitcoin is not the answer, the community responds
The billionaire has historically gone back and forth between having positive and negative sentiments around Bitcoin.
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.
Bitcoin price threatens $19.6K as Ray Dalio predicts 30% stocks crash
The aftermath of the Ethereum Merge gives no respite to crypto bulls, who face continued market pressure as stocks also trend down.
More billionaires turning to crypto on fiat inflation fears
The number of billionaires that have invested in crypto increased last year, and that trend could continue into 2022 as fears over fiat intensify.
Billionaire Ray Dalio Explains Why He Owns Bitcoin And Ethereum
Billionaire Ray Dalio has revealed that he holds bitcoin and ethereum holdings. Various billionaires have also been public about their bitcoin and ethereum holdings. For a lot of these billionaires, the move from cash into cryptocurrencies has been a pertinent one as the former continues to lose its value in the market. Dalio also gave this as a reason for holding the cryptocurrencies.
Growing concerns about the value of cash as an investment have seen both institutional and individual investors move their holdings into cryptocurrencies. Coupled with rising inflation rates, diversifying into cryptocurrencies like bitcoin and ethereum has become more popular.
Related Reading | Millennial Millionaires Are The Most Bullish On Crypto, Survey Finds
Dalio Owns Bitcoin And Ethereum
Billionaire Ray Dalio sat down with Yahoo! Finance to talk about the financial market and how one can be successful in it. Talking with host Andy Serwer, Dalio confirmed once again that he owned bitcoin but this time around, the billionaire revealed that he had added ethereum to his holdings. This was in response to a direct question from Serwer about the billonaire’s crypto holdings.
BTC dives into $45,000 territory | Source: BTCUSD on TradingView.com
Dalio declined to give a precise amount of bitcoin that he owned, which is understandable, but explained that he did not own a lot of either bitcoin or ethereum. As for the reason behind holding these cryptocurrencies, Dalio explained that it was because he viewed it as an alternative to cash. “I view it as an alternative money in an environment where the value of cash money is depreciating in real terms,” said the billionaire.
Diversification Is Key
For Dalio, buying into bitcoin and ethereum is also a diversification play. During the interview, the billionaire hedge fund manager reiterated that investing in cash is the worst investment there is. This is because cash loses buying power and as such, the longer one holds cash, the lesser the buying power of that cash. He urged investors to not “judge anything in your returns or your assets in nominal terms, in terms of how many dollars you have. View it in terms of inflation-adjusted dollars.”
Related Reading | Struggling Prices Beats Bitcoin Expectations Down From $100K To $50K
Dalio stresses that it is important for investors to always diversify their portfolio and that is what he has done with his crypto investments, even though it is still a relatively small part of that portfolio.
“The important thing is to diversify one’s portfolio well. Because we know from the surprises in the balance– we also know that those asset classes on average significantly outperform and will significantly outperform cash.”
The billionaire concluded by saying that cash is a “problematic asset.” Therefore, diversification out of this asset is important. “And that diversification should be also international diversification from countries, not just asset classes, in order to have a truly well-diversified portfolio,” Dalio added.
Featured image from CNBC, chart from TradingView.com
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‘I’d rather Bitcoin over bonds’: Billionaire investor Ray Dalio
Billionaire investor Ray Dalio believes Bitcoin is a better buy than bonds.
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What Ray Dalio Really Thinks of Bitcoin
A reading of Dalio’s first long-form essay on his thoughts about bitcoin and cryptocurrencies.
Dalio Expects to Soon Offer Alt-Cash Fund, Says ‘Bitcoin Won’t Escape Our Scrutiny’
“Bitcoin looks like a long-duration option on a highly unknown future that I could put an amount of money in that I wouldn’t mind losing about 80% of,” Dalio said.
Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios
The founder of the world’s largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold.
Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios
The founder of the world’s largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold.
Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios
The founder of the world’s largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold.
Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios
The founder of the world’s largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold.
Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios
The founder of the world’s largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold.
Bridgewater’s Dalio: ‘I’d Love to Be Corrected’ on Bitcoin. Twitter Obliges
Bridgewater Associates founder Ray Dalio asked for and received a heaping dose of “radical candor” Tuesday.
Dalio Says Governments Will Kill Bitcoin. Is He Right?
In an otherwise extremely bullish week, famed investor Ray Dalio reiterated his skepticism of bitcoin and digital assets.