Dario again scolded cash as rubbish! Cryptocurrency can be seen as an alternative to the depreciation of the U.S. dollar

Time:2021-12-26 Source: 963 views Trending Copy share

Ray Dalio, the founder of Bridgewater, one of the world's largest hedge funds, accepted an interview with another foreign media "YahooFinance" on the 17th, and then stated his views in recent days that most investors consider the safest US dollar cash is actually the worst investment, and emphasizes the importance of diversification in the investment portfolio.

Speaking of Bitcoin, Dario shared that cryptocurrency can be regarded as an alternative currency in an environment where the value of the U.S. dollar is depreciating: in the past 10 to 11 years, this network has still existed, which is impressive; other than that In addition, in the past few years, not only has not been hacked, but also has a certain adoption rate in the market.

However, he added: I only consider cryptocurrency as a small part of asset allocation. The point I want to express is that cash will become a problematic asset, and multiple allocations are the answer.

In the interview, Dario emphasized his concerns about inflation, because we will see a substantial increase in the amount of additional currency and credit in the market; most investors think that US dollar cash is the safest investment, but I think it is the most Worse, cash is rubbish.

"This is very important, like this year you will lose 4–5% of your purchasing power due to inflation, so I believe this is the worst investment. One word for investors is, don’t judge what you have by the book value. Assets or returns (meaning the value of the U.S. dollar); but in terms of inflation-adjusted value."

In fact, Dario is not a believer in cryptocurrency from the beginning. He predicted in an interview at the end of last year that cryptocurrency will not succeed in the way people hope; in May of this year, he also accepted an interview with "YahooFinance", saying at the time that one of the potential risks of Bitcoin is regulatory obstacles.

"Every country cherishes its monopoly in controlling supply and demand. They don't want other funds to operate or compete because things may get out of control."

In an interview last week, it was also revealed that in addition to Bitcoin, he also bought a little ether. Although he refused to disclose the specific amount, he said that he had noticed the staying power of the field.

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