{"id":73577,"date":"2023-02-03T18:09:05","date_gmt":"2023-02-03T16:09:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73577"},"modified":"2025-09-09T14:52:40","modified_gmt":"2025-09-09T11:52:40","slug":"ray-dalio-questions-bitcoins-ability-to-replace-fiat","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ray-dalio-questions-bitcoins-ability-to-replace-fiat\/","title":{"rendered":"Ray Dalio questions Bitcoin\u2019s ability to replace fiat"},"content":{"rendered":"<p>Fiat currency as an effective store of value is &#8216;in serious danger&#8217;, but Bitcoin and stablecoins will not fulfil this role. This was stated by investor and billionaire Ray Dalio.<\/p>\n<blockquote class='twitter-tweet'>\n<p lang='en' dir='ltr'>\u00ab<a href='https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw'>#Bitcoin<\/a> has no relation to anything. It\u2019s a tiny thing that gets disproportionate attention,\u00bb says <a href='https:\/\/twitter.com\/RayDalio?ref_src=twsrc%5Etfw'>@RayDalio<\/a> on <a href='https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw'>#crypto<\/a>. \u00abThe value of <a href='https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw'>$BTC<\/a> is less than 1\/3 of <a href='https:\/\/twitter.com\/search?q=%24MSFT&#038;src=ctag&#038;ref_src=twsrc%5Etfw'>$MSFT<\/a> stock. It\u2019s not an effective store of wealth. But we are in a world where money as we know it is in jeopardy.\u00bb <a href='https:\/\/t.co\/Cc7o2TwkxG'>pic.twitter.com\/Cc7o2TwkxG<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href='https:\/\/twitter.com\/SquawkCNBC\/status\/1621142729660207105?ref_src=twsrc%5Etfw'>February 2, 2023<\/a><\/p><\/blockquote>\n<p> <script async='' src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>According to the founder of Bridgewater Associates, mass issuance of reserve currencies makes him doubt that they represent a form of &#8216;effective money&#8217;.<\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>\u00abWe live in a world where money as we know it is under threat. We print too much, and this concerns not only the United States\u00bb, \u2014 he said.<\/p>\n<\/blockquote>\n<p>In Dalio&#8217;s view, Bitcoin has achieved a lot in 12 years, but it remains too volatile to assume the status of money.<\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>\u00abBitcoin is not an effective store of value, not an effective means of exchange. The first cryptocurrency is a tiny thing that attracts disproportionately large attention. For me the value of Bitcoin is less than 1\/3 of the value of Microsoft stock\u00bb, \u2014 he explained.<\/p>\n<\/blockquote>\n<p>He arrived at similar conclusions about stablecoins, which are a &#8216;copy&#8217; of fiat.<\/p>\n<p>As a panacea, he sees an inflation-linked coin capable of preserving the purchasing power of the population.<\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>\u00abInflation-linked bonds come the closest to this. If you created a coin with the inscription &#8220;OK, this is purchasing power&#8221;, in which I could save and invest my money over a period of time and transact anywhere, I think this would be a good coin\u00bb, \u2014 he said.<\/p><\/blockquote>\n<p>The founder of Bridgewater Associates forecast the appearance of coins that will be attractive and viable unlike Bitcoin.<\/p>\n<p>Back in May 2022, Dalio <a href=\"https:\/\/forklog.com\/en\/news\/ray-dalio-bitcoin-lags-gold-in-the-race\">called Bitcoin a good hedge<\/a> against inflation, but not a full substitute for gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiat currency as an effective store of value is &#8216;in serious danger&#8217;, but Bitcoin and stablecoins will not fulfil this role. This was stated by investor and billionaire Ray Dalio.<\/p>\n","protected":false},"author":1,"featured_media":73578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Dalio doubts Bitcoin and stablecoins can replace fiat, citing volatility and limited use as money.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138,1732],"class_list":["post-73577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions","tag-ray-dalio"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"Dalio doubts Bitcoin and stablecoins can replace fiat, citing volatility and limited use as money.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=73577"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73577\/revisions"}],"predecessor-version":[{"id":73579,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73577\/revisions\/73579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73578"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}