Billionaire Ray Dalio, the CEO of $150 billion hedge fund, has recently made it known that he still has a bullish stance on Bitcoin. In a recent interview with CNBC, Dalio maintains that fiat is still very inferior.
Ray Dalio Still big on Bitcoin and bearish on fiat
Ray Dalio reiterated his positioned on Bitcoin while speaking to CNBC’s “I think that cryptocurrencies in particular, let’s call it a digital gold. I think a digital gold [would be a Bitcoin type of thing] has a little spot relative to gold.”
He added that the economical climate is changing in such a way that the question about what new money is, will arise. He proceeded to explain why fiat will not rise with the tide, explaining that its usage for goods and services will deplete with time.
His sentiments suggest, like many other cryptocurrency proponents have pointed out in the past, that the characteristics of fiat currencies are not sustainable for the future, in the manner that cryptocurrencies are.
Excerpt of the interview reads ;
