PANews reported on October 17 that Ray Dalio, founder of Bridgewater Associates, analyzed the respective characteristics of Bitcoin and stablecoins and their role in investment portfolios in his latest exclusive interview with Caixin. He said that he has held a small portion of Bitcoin for many years and the investment ratio has not changed. He regards Bitcoin as a diversified asset relative to gold, but Bitcoin also has shortcomings, and central banks of various countries will not hold Bitcoin. Ray Dalio added that stablecoins are not a good means of storing wealth. Their essence is that they can be exchanged for corresponding currencies and cannot generate interest. Therefore, from a financial perspective, holding stablecoins is not as good as holding interest-bearing fiat assets. The advantage of stablecoins is that they are globally applicable and are equivalent to a clearing system that facilitates transactions. Therefore, they are suitable for people who do not care about interest. As for whether stablecoins can solve the problem of US debt, he believes that if the buyer of stablecoins already holds US debt, it is equivalent to transferring US debt from one pocket to another. Whether it can increase the demand for US debt can only be waited and seen.PANews reported on October 17 that Ray Dalio, founder of Bridgewater Associates, analyzed the respective characteristics of Bitcoin and stablecoins and their role in investment portfolios in his latest exclusive interview with Caixin. He said that he has held a small portion of Bitcoin for many years and the investment ratio has not changed. He regards Bitcoin as a diversified asset relative to gold, but Bitcoin also has shortcomings, and central banks of various countries will not hold Bitcoin. Ray Dalio added that stablecoins are not a good means of storing wealth. Their essence is that they can be exchanged for corresponding currencies and cannot generate interest. Therefore, from a financial perspective, holding stablecoins is not as good as holding interest-bearing fiat assets. The advantage of stablecoins is that they are globally applicable and are equivalent to a clearing system that facilitates transactions. Therefore, they are suitable for people who do not care about interest. As for whether stablecoins can solve the problem of US debt, he believes that if the buyer of stablecoins already holds US debt, it is equivalent to transferring US debt from one pocket to another. Whether it can increase the demand for US debt can only be waited and seen.

Bridgewater's Dalio: Stablecoins are not a good way to store wealth, and he has held a small amount of BTC for many years

2025/10/17 11:51

PANews reported on October 17 that Ray Dalio, founder of Bridgewater Associates, analyzed the respective characteristics of Bitcoin and stablecoins and their role in investment portfolios in his latest exclusive interview with Caixin. He said that he has held a small portion of Bitcoin for many years and the investment ratio has not changed. He regards Bitcoin as a diversified asset relative to gold, but Bitcoin also has shortcomings, and central banks of various countries will not hold Bitcoin.

Ray Dalio added that stablecoins are not a good means of storing wealth. Their essence is that they can be exchanged for corresponding currencies and cannot generate interest. Therefore, from a financial perspective, holding stablecoins is not as good as holding interest-bearing fiat assets. The advantage of stablecoins is that they are globally applicable and are equivalent to a clearing system that facilitates transactions. Therefore, they are suitable for people who do not care about interest. As for whether stablecoins can solve the problem of US debt, he believes that if the buyer of stablecoins already holds US debt, it is equivalent to transferring US debt from one pocket to another. Whether it can increase the demand for US debt can only be waited and seen.

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