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Ray Dalio: China's Digital Yuan Will Be More Competitive Than Digital Dollar, And Become A Main Reserve Currency Faster Than Expected
Summary: Ray Dalio, Bridgewater Associates founder, said in an interview with CNBC that China's Digital Yuan will be more competitive than the digital dollar. He believes that the digital dollar, issued by the United States one day, maybe a "viable" currency but not the most competitive, and its value may be hit by the growing debt ...
Ray Dalio, Bridgewater Associates founder, said in an interview with CNBC that China's Digital Yuan will be more competitive than the digital dollar.
He believes that the digital dollar, issued by the United States one day, maybe a "viable" currency but not the most competitive, and its value may be hit by the growing debt levels of the US.
Dalio predicts that the digital Yuan will be more competitive in terms of pricing and returns, and become a major reserve currency faster than expected. If it is accepted internationally and has attractive interest rates, it will be "a very viable alternative" for many investors.
He said: "I think you're going to see the renminbi become a more significant, a strong currency, stable currency, more attractive-returning currency, and also a more widely used currency ... in the years ahead."
By Mary Liu
Tags: Digital Dollar,Ray Dalio
Link: Ray Dalio: China's Digital Yuan Will Be More Competitive Than Digital Dollar, And Become A Main Reserve Currency Faster Than Expected [Copy]
