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Day: February 7, 2023

Fiat Is In ‘Jeopardy’ But Bitcoin, Stablecoins Aren’t The Answer Either: Ray Dalio

Fiat Is In ‘Jeopardy’ But Bitcoin, Stablecoins Aren’t The Answer Either: Ray Dalio

According to billionaire investor Ray Dalio, fiat currency is in serious “jeopardy” as an effective store of wealth. Instead, the hedge fund manager would like to see the introduction of a “inflation-linked coin” to the public, which would help consumers secure their purchasing power. Bridgewater Associates co-founder Ray Dalio stated on CNBC’s Squawk Box that Bitcoin is worth less than a third of the value of $MSFT stock. It is ineffective as a means of storing wealth. However, we live in a world where money as we know it is under threat. News Sorce