📣 Creators, Exciting News!
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1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
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Bridgewater Fund Founder: The poor debt situation of the US dollar has indirectly driven the rise in the prices of gold and Crypto Assets.
Odaily News Bridgewater Associates founder Ray Dalio published an article today discussing stablecoins and Crypto Assets, with key points including: 1. He does not believe that relaxing regulations on Crypto Assets would threaten the dollar's status as a reserve currency, but the poor debt situation of the dollar and other reserve currency governments affects their attractiveness as reserve currencies and means of wealth storage, which has always been one of the factors driving the rise in gold and Crypto Asset prices. 2. He does not believe that stablecoins' exposure to government bonds poses systemic risk. The real risk is the decline in the actual purchasing power of government bonds; if stablecoins are well-regulated, this should not create any systemic risk. 3. Crypto Assets are currently a limited-supply alternative currency, so under all other equal conditions, if the dollar's money supply increases and/or its demand decreases, this could make Crypto Assets an attractive alternative currency.