Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Associates, speaks on blockchain & crypto at WEF 2022.
Takeaways:
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“I think blockchain’s great. But let’s call it a digital gold. I think a digital gold, which would be a bitcoin type of thing, is something that—probably in the interest of diversification of finding an alternative to gold—has a little spot relative to gold and then relative to other assets.”
"We have to ask what is a new money? What is the type of money that we could move between countries, that's a medium of exchange, and a storehold of wealth?"
“When I say cash is trash, I mean all currencies in relation to the euro, in relation to the yen. All of those currencies, like those of the 1930s, will depreciate in relation to goods and services.”
"Bitcoin has made a tremendous achievement over the last 11 years."
“Bitcoin is a tiny percentage of my portfolio.
At Davos 2020, Dalio maintained that Bitcoin was not money
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