Ray Dalio is appearing very bi-polar on Bitcoin. One day he says he is starting to get it then he starts talking, again, about banning it.
He is basically all over the place.
https://ambcrypto.com/bitcoin-very-likely-to-be-an-outcast-claims-ray-dalio/
Posted Using LeoFinance Beta
@taskmaster4450le the more he tries to discredit bitcoin,the more he keeps becoming irrelevant....
Posted Using LeoFinance Beta
Well he is a billionaire and a big name on Wall Street. He still does run one of the larger hedge funds on the street.
So he is a big player and what he says matters to many.
Posted Using LeoFinance Beta
Well at least he is consistent with BTC being a store of wealth and how it won't be a good unit for transactions. I at least agree with that but I don't know whether or not they will ban BTC.
Posted Using LeoFinance Beta
I agree with the store of value sentiment.
But isnt that the point? If it is a store of value and not a unit of exchange, then the central bank has nothing to fear. Bitcoin will be hindering gold but not the USD.
That is where I find him to be all over the place.
Posted Using LeoFinance Beta
I think it also affects USD because of the liquidity crisis. The more money that moves out of the US economy, the more the problem increases. Also the stock market is addicted to the increased money supply so if the amount entering starts to drop, it will also affect his own assets.
Posted Using LeoFinance Beta