Ray Dalio says Bitcoin isn’t the reply; the neighborhood responds

Whereas billionaire Ray Dalio believes that fiat is in jeopardy, he additionally thinks that neither (BTC) nor stablecoins are the reply. In response, crypto neighborhood members took to Twitter to precise their opinion on the subject.

In a current interview on CNBC’s Squawk, Dalio shared his takes on Bitcoin being a possible answer to the issues with fiat forex. The billionaire argued that it could not be efficient as a retailer holder of wealth and a medium of trade. Dalio additionally highlighted that stablecoins are a duplicate of state-backed currencies and would additionally not be an efficient type of cash.

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