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Bridgewater Associates Founder: USD's Bad Debt Situation Indirectly Driving Gold and Cryptocurrency Price Surge
Summary: In a recent statement, Bridgewater Associates founder Ray Dalio discussed stablecoins and cryptocurrencies, highlighting that the bad debt situation of the US dollar and other reserve currencies affects their attractiveness as reserve currencies and stores of wealth, indirectly contributing to the rise in prices of gold and cryptocurrencies. He also mentioned that stablecoins' exposure to ...
In a recent statement, Bridgewater Associates founder Ray Dalio discussed stablecoins and cryptocurrencies, highlighting that the bad debt situation of the US dollar and other reserve currencies affects their attractiveness as reserve currencies and stores of wealth, indirectly contributing to the rise in prices of gold and cryptocurrencies. He also mentioned that stablecoins' exposure to government bonds does not pose systemic risks, with the real risk being the decline in the purchasing power of government bonds. Dalio emphasized that cryptocurrencies, as a limited-supply alternative currency, could become attractive if the supply of USD increases and/or demand decreases under similar conditions.
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Link: Bridgewater Associates Founder: USD's Bad Debt Situation Indirectly Driving Gold and Cryptocurrency Price Surge [Copy]
