By Bitcoinist - 1 tau ki muri - Wā Pānui: 2 meneti
Ralio Dalio Praises Bitcoin For 12 Years Of History, But Issues Warning
I roto i te tata uiuiraa, Bridgewater founder Ray Dalio shared his views on the current Federal Reserve (FED) decision to raise interest rates by 25 basis points (bps) and the performance of Bitcoin (BTC) over the past few years.
Speaking to CNBC, Dalio stated that what the crypto industry and Bitcoin have done over the past 12 years has been “amazing.” However, the hedge fund manager believes Bitcoin has “no relationship to anything.” For Dalio, Bitcoin is a “tiny” thing that gets “disproportionate attention.”
Tuhinga o mua Bitcoin moves on its own, while the value of Bitcoin is less than a third of the importance of Microsoft stock, Dalio said. For the Bridgewater hedge fund founder, there are more exciting assets in terms of value and storage of wealth.
There are a lot of other industries that are more interesting to Dalio than Bitcoin and the cryptocurrency market, like biotech and the stock market. Cryptocurrency’s not an effective medium of exchange for him, and he speculates that it won’t be sufficient money in the future.
Ma te korero mo nga whakataunga tata a te FED me te whakakaha o nga kaupapa here moni e mahia ana e ia ki te whakahaere i te pikinga, e kii ana a Dalio "i te ao e noho nei tatou, kei te raru te moni, e mohio ana tatou."
Te Tirohanga a Dalio Mo Te Toa Taonga Ake
For Dalio, the importance of a store of wealth is the key to future macroeconomic recessions. He suggests that every economic crisis is a cycle, but “Bitcoin is not the solution.” In addition, Dalio claims that stablecoins are not the solution to future problems, as he suggests that they will turn back into fiat currency. He warns:
(...) Ki taku whakaaro ko te mea e tino hiahia ana koe, ko te mea pai ko te moni hono pikinga. I etahi atu kupu, ko tetahi mea e kii ana koe he pai, ka whai mana ahau ki te hoko na te mea kei te pirangi nga tangata katoa, he aha ta ratou e hiahia ai? Kei te hiahia ratou ki te whakapumau i o raatau mana hoko, mena ka hiahia koe ki te penapena.
In that sense, Dalio assures that industries will see the development of new currencies never seen before, which will be attractive for investment and storing wealth. He emphasized that Bitcoin will remain “unfit” for this task in the future.
Bitcoin Reacts To The FED AnnouncementAfter the beginning of 2023, Bitcoin’s bullish trend, and the recent favorable economic measures by the Federal Reserve, the market has adopted a new sentiment.
Whai muri i nga marama roa o te whakakotahitanga me nga mahi utu taha taha, ka huri te whakaaro me nga tikanga macroeconomic ki nga puru, me te whai waahi ki te whakarite i te ahua mo te toenga o te tau 2023.
Bitcoin has grown almost 41% in the last 30 days and aims to reach new yearly highs this month. The flagship cryptocurrency is trading at $23,500 at press time, and it’s down 1.1% in the last 24 hours, reaching as high as $24,300 after the FED raised interest rates.
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Kuputuhi taketake: Bitcoinko