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