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Bitcoin is A ‘Low-Internet Rates’ in the midst of ‘Plenty Of Liquidity,’ Ray Dalio said.

Bishop eL by Bishop eL
1 year ago
in News
Reading Time: 2 mins read
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In an interview with Yahoo Finance’s ‘Influencers’ Andy Server, Bitcoin is a storehold of wealth, says Ray Dalio, the founder of Bridgewater Associates. But Dalio shared his concern that cryptocurrency would become outlawed as gold.

As the billionaire investor speaks of the current state of the market, “real interest rates are unfavorable, cash is of low quality , and it’s so sufficient that it changes a lot of financial assets, and causes financial asset prices to grow.”

There’s also a lot of liquidity, now stock, gold and Bitcoin price rise. around the world.

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“The main thing is liquidity abundantly and interest rates ridiculously low.”

Since August last year, US Treasury returns have increased, as we have reported, but have been down since 1981. The bigger theory is that they have been down.

The same applies to US Treasury yields for 30 years. At present, just over 2.3%, up from 1.12% last April. It was 9.8 percent by the end of 1987.

In the 1930s, cash and bonds were bad investments compared to other things, he points out. This resulted in the movement, and the government banned the use of gold.

“This is why this is a good opportunity to also prohibit Bitcoin. And foreign exchange controls were also established because the money doesn’t have to go anywhere else.”

He warns that central banks “do not wish to have or compete with other money,

As last time, Dalio was concerned about Bitcoin’s tracking this time too and he said that they know who was dealing with him. “I suspect that this kind of action would be very difficult to hold up,” he added.

But he sees Bitcoin as digital cash and as an alternative, a “storehold of wealth” in a sense. All because in the last decade it has proved itself and was not hacked, according to him, after building a significant follow.

As for Bitcoin, from March the price of BTC rose more than 13x, it’s of imputed value, it has value, what we think it is, and not inherent value. Whole, when people “love” them, bubbles are formed, and Bitcoin may be one he said.

“This is an alternative because not many of these assets exist. There are not so many assets that can’t be messed up intrinsically.”

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