The world’s largest hedge fund founder Ray Dalio says cash is “in jeopardy” but has found an unexpected solution
Inflation has been a major issue for most major countries over the past year.
Consumers and corporations alike are feeling the pain, with earnings for the previous four quarters appearing relatively lackluster. While inflation is easing, it has driven up the debt of the US and other countries.
Amid strong inflation and a heavy debt load, the founder of the world’s largest hedge fund is sounding the alarm. Founder of the Bridgewater Association Ray Dalio has grown its investment empire into one of the largest hedge funds in the world.
In a recent interview with CNBC, Dalio said: “Money as we know it is in danger. [because] we’re printing too much, and not just in the United States.”
Dalio excludes Bitcoin as a solution because he says it has proven to be too volatile, unrelated to anything, and more interesting industries than crypto.
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While Bitcoin is not the answer, a digital currency could be the answer. “I think the… best thing is an inflation-linked currency,” said Dalio, noting that the closest thing in the market to his vision is an index bond linked to sub-inflation. form of a currency.
This is in stark contrast to the recent narrative about cryptocurrencies and cryptocurrencies. Sentiment around cryptocurrencies and other digital currencies may be at an all-time low due to the recent collapse of FTX, Celsius Network LLC, BlockFi, and a few others. But Bitcoin is up 50% since its November low, meaning there could be some opportunity for investors as sentiment recovers — even if it doesn’t perform as a currency.
Several startups could benefit from this psychological rebound, including Gameflip. Gameflip is a startup with over $140 million in volume for non-fungible tokens (NFTs) and game asset markets that could benefit from a crypto-based asset recovery right away. even as it continues to take root in the broader recession-fighting game market. Gameflip is developing on StartEngine, which means Anyone can invest for a limited time.
The broader stock market also offers options. Bridgewater’s two largest holdings are Proctor & Gamble Co. and Johnson & Johnson, representing about 8% of Bridgewater’s total portfolio. Dalio noted that he finds biotechnology and other industries “more interesting than Bitcoin.”
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