Ray Dalio Bitcoin
Posted By Eloise Posted On Comment (1)

Ray Dalio Buys Bitcoin

At a Coindesk Consensus conference, Ray Dalio said, “Personally, I’d rather have bitcoin than a bond.” Dalio later spoke how he later owned some bitcoin.

Dalio’s thesis on bitcoin is the same as our view as owning physical assets. The U.S. dollar is on the brink of total economic collapse.

What kind of world are we in when money managers state that bonds are useless and they’d rather hold an internet currency? It’s a world where the smartest guys in the room think there will be massive inflation. Remember, hyperinflation will lead to a big selloff in bonds. A selloff in bonds will lead to rising interest rates and the collapse of the financial system as we know it.

Inflation is already here and treasuries have begun to selloff. There is more money in the system chasing too few of goods. With massive government spending, endless dollar printing and the potential of China’s currency to become the reserve currency, there is massive downside to this worthless fiat dollar.

Own real assets that serve as an inflation hedge. The financial world is changing fast and the tables will be turned.

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