Ray Dalio, founder of Bridgewater Fund, the world’s largest hedge fund company, said in an exclusive interview with CNBC that Bitcoin will not be an effective currency, nor will it be an effective store of wealth, let alone an effective medium of exchange. Crypto markets are too volatile and almost independent of any economic situation.
But for the world we live in, we all know that traditional currencies are in crisis. Additionally, Ray Dalio in this interview brings up an idea he thinks about the viability of cryptocurrencies, namely some kind of inflation-linked coin.
Ray Dalio said that everyone wants to maintain the purchasing power of their assets, if you create a coin that says this is the purchasing power that I know I can deposit and invest my money for a period of time, then I can Trade it anywhere, I think that would be a good coin, similar to an inflation indexed bond.