Ray Dalio Reveals His True Thoughts On Bitcoin
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- เผยแพร่เมื่อ 24 เม.ย. 2023
- Ray Dalio reveals his true thoughts on Bitcoin and the future of cryptocurrency. What Does Ray Dalio think of the value Bitcoin? Does Ray Dalio Think Bitcoin is a reliable asset? How much Bitcoin is Ray Dalio holding?
#crypto #bitcoin #investing
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Full episode with Ray goes live this Thursday. Press Subscribe you beauties.
I wonder if he is gonna be bullish on Vietnam instead of China this decade.
Chris why don’t you have @RobertBreedlove22
Oohh looking forward to it.
Dude is interviewing the top people in the world. What a success. Keep up the good work, brother!
Eh all his money is in China and he promotes China as the next super power. Where’s the genius? You can’t even see where his firms money is at.
Smart young man. If you don't trade it, you don't own it. There are many utility cryptos that are undervalued that most regular folks can afford to buy and trade themselves opposed to purchasing a Bitcoin ETF. If you missed the boat on BTC, don't go chasing green candles. When others are greedy, be fearful. When others are fearful, be greedy. We are currently in a everything bubble, all markets are at all time highs with no real growth and productivity. The bubbles are about to pop in many different markets. Be ready and maybe you can get some great assets dirt cheap.. In my opinion, It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Donna Mikalonis, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
She's often interacts on Telegrams, using the user-name.
@DONNAMIKALONIS.
The internet is filled with so many useful information about Donna Mikalonis crypto..
The fact that I got to learn and earn from her program is everything to me think about it, it's a win-win for both ways.
It doesn't matter if you are a current holder or a newbie, you can capitalize on the fluctuation of bitcoin by trading with good strategy/signals..
I’ve had majority of my holdings in tech stocks and irrespective of market changes, I’ve done pretty well especially with apple’s P/E(price to earnings ratio) gaining over 30% this past decade, now my questions is what stocks do you think will be the next apple in terms of growth for the next decade.
It might be difficult finding the next apple within the tech stock sector, apple has performed way better than the others, maybe look outside of tech stocks.
well things are different now, same market strategies applied over last decade wouldn’t apply to the current market, so to actually figure out how to outperform the market and stay afloat for the next decade, you should reach out to a financial advisor, that’s how I’ve managed to gain over $450k in profit this past couple years
Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.
Camille Alicia Garcia, is my advisor, I found her on Bloomberg where she was featured, I googled her name on the internet. Fortunately I came across her website and reached out. You can go verify yourself.
After conducting an online search of her name, her website quickly surfaced, piquing my curiosity. The initial impression is positive and I intend to arrange a call with her. I'll make sure to provide you with updates on how it goes. Thank you.
I think the key is when he said "I don't understand"
Dalio doesn’t know why people prefer Bitcoin to gold…because he’s already a billionaire.
Or maybe because he has life experience and knows a pyramid scheme when he sees it.
@@alelectric2767 or because he doesn't understand it's purpose beyond investment
@@alelectric2767 The fact central banks can buy digital assets from January 1st 2025 onwards suggests they see value in it, having 5% of your portfolio in digital assets seems sensible enough.
@@alelectric2767 Sure…if that works for you, that’s great. You don’t seem to know what a pyramid scheme is, though. A reputable site on the Interwebs will provide you with a definition.
Bitcoin is a descentraliced form of money. Is better than gold.
It’s important to take into account that in his position, taking small risks with big money is better than taking big risks with small money.
The latter is how you build capital, the former is how you maintain it
I mean bro I think everyone who has their life savings in crypto has the wrong idea of risk though. It's meant to be calculated risk and well thought out, a calculated risk should be where you find it very hard to see a scenario coming into fruition that you'd lose money based on hard evidence that demonstrates it is secure and will grow longer term. He probably has some pocket money as just a gamble just incase something strange/unexpected occurs rather than believing bitcoin is a good thing to have money in.
@@tzc9309 there’s a difference betwen putting money into Bitcoin or some random tokens. Much different risk class. Volatility is not risk. If you just buy over a long time you will not loose money. It might definitely have some mental strain
@@gillohner8179 I mean I have some volatile stocks, but I disagree it is not volatile it is very risky. If the fed are bringing out their own digital currency come june, as well as china bringing out their own digital currency. Where does this essentially leave bitcoin? It seems like grounds for the fed to clamp down on every non-fed digital currency in the same way china clamped down on bitcoin. If the two world super powers wont use it, it can only really then survive in criminal networks and third world countries. To me considering such things poses an inherent risk, not to mention all of the AI hype around the corner. When that takes off too, then it could essentially potentially render all of the current blockchain technology worthless in the future. So when you speak of not losing money long term, and considering these long term possibilities - It is not volatile imo, it is extremely risky. It is not the same asset wise as owning a piece of land which will always be relevant to some degree, or gold, which will always have certain uses as a raw material. You cannot say it isnt risky long term that is delusional and hopium, especially at the rate technology progresses and the creative destruction you see with that - plus the fact the gov does have a lot of power, and does not like it, means it is likely they will do something about it. All things considered no one can sit here and say it is not risky like it is set in stone bitcoin is the future of everything. It isnt.
Holy cow Favorite video I’ve seen this past year with Ray Dalio and I have seen many!! So dear to me to hear this side of him!
Watching this again. It's a great breakdown and he lays it out really well. Prefers Gold, says BTC is small. Reserve currencies in order: Dollar, Euro, Gold, Yen. Central bankers are buying gold and they are not buying bonds. The BTC market cap thing is interesting to think about, I guess it adds to potential adoption while keeping it niche for larger investors.
I'm 6:00 in, learning Dalios thoughts on Bitcoin: I like to meditate, he says. Take a walk. Will you lose your house? What matters. Count your blessings. Relax.
7:40 Dalio has wise thoughts on making money to achieve happiness: Past a basic amount of money so that you don't have misery there is no correlation between the level of money you have and the level of happiness you have. He's really good, and I'm down with what he says but it's always jarring to hear one of these guys who hustled their way to the absolute top, saying it doesn't matter.
8:10 Dalio on happiness: "The highest correlation is do you have a community. Community correlates with happiness, longevity, stress...I lived most of my life in the united states and now live in a rural central american 'community' and I couldn't agree more. The sadness is you don't understand the importance of community, really, until you can compare having it and not having, or vice versa. I think the loss of community is the biggest cancer in the US.
In markets and investing you get people who just love the process, love the game, and do incredibly well, not to make a lot of money (like Bezos or Zack) but just to win at the thing they are doing. I think a lot of the math and quant guys are like this and if you are an analytical problem solver markets are a fun place to solve the problems you pose. Finally, I say Dalio comes across a lot better than Dimon to me, maybe I'm just seeing Dimon on the defensive right now. Take it from the man.
Ray is so right. Thank you Chris for doing this.
All new markets are volatile. The market cap is tiny so relatively small amounts of sales/buys cause huge swings in price. This applies to any new market/industry not just crytpo.
Thanks you, Mr. Dalio. You said it best!
Bitcoin does not equal crypto!
First principal crypto= Xen crypto
Wtf????
yeah wtf lol
Dalio doesn't understand Bitcoin at all. Disappointing.
Wat
His response is exactly why I dont trust the market or really any legacy outlook
@@FA9082 ppl buy bitcoin to make more usd... rather they understand it or admit it...
I mean considering that no one trades in gold it makes sense. You're not going to walk around with 5kg of gold are you? Its just a store of value... same as bitcoin. You exchange gold or bitcoin for a medium of exchange that is more feasible for transactions.
@@TheGladiator189 that is a stupid comment… you can trade/own gold without physically owning it
@@drewgootz1713 And that is an even stupider comment. If you don't possess it, you don't own it. Where are you going to hold it? In a bank? And if there's a disaster how are you going to take it? How are you going to verify that the piece of paper your suggesting can be exchanged for gold (essentially cash) belongs to you? Not sure if you've been living under a rock but banks are collapsing and do you think they will hold "your" gold for free? Just accept that bitcoin and crypto solves all of those problems. I'm not saying gold is going anywhere as it has its uses but crypto is here to stay. It enables transfer of value, thousands of miles in seconds...
@@drewgootz1713 so it's paper gold and you don't even have self custody... good luck with that lol
That is very good advice, thank you Ray!
Billionaire: "Just don't stress lol "
It’s an important response. Much investment is based around misplaced anxiety. What is the point of the stress if it doesn’t help you make good decisions? It’s a major
Rejection of the doomer mindset. It won’t help you be rich.
You have a point, but meanwhile there is a lot of truth in what he says.
I’ve been to several third world countries, among which the poorest of the poor where half the population can’t read and 80% or 90% of their economy is agriculture. And you know, people all want to come to the west. And I get it. But you try to tell people life here isn’t paradise, and they don’t understand you. You try to explain yourself by saying there’s real misery, that there are even lots of homeless people. But they still don’t believe you when you say you didn’t just descend from heaven. They see the money that he allowed you to come to those countries and think you have it all. I think it’s similar to what he’s saying. Money can only do so much. Yes, that’s easy for him to say, but it’s still true.
@@teddybearroosevelt1847 100% - also this notion of not stressing about such things is also prevalent in eastern philosophy. It is life wisdom - stressing rarely resolves anything, especially about things outside of your control or about things that barely affect you. Focussed action on the things you can control, now that's good. Not unnecessary unproductive stressing about things you cannot change yourself.
Ray Dalio?!?! Wow Chris - absolutely smashing it bud!
Ray is a very wise man, wonderful pieces of advice
So good said 👍
Ray has full on rich-people brain with this one 😂Everything he says pre-supposes a degree of wealth that the majority of people under 35 just don’t have anymore. “Bigger house, nicer car” most people don’t have a house or a car!
just sold a 20 year old toyota and bought btc... don't have a car anymore and i feel great! :)
From love island to interviewing one of the best investors of a life time. Madness
He was on LI?
@@sprtlife6261Ye, I couldn't believe it when I seen it on a comment below a previous video
@@sprtlife6261 Love Island season 2
This professor really really good. You change my thoughts
Love your work, Chris!
Is there something a little hypocritical about someone spending their entire life making the most money possible completely downplaying money?
Not really, he doesn't have to give any advise, share his time, he could just sail away on his yacht. I would have thought his opinion is worth more because he doesn't need to give free advise, he is not selling anything, but he does anyway.
yeah.... getting up and then throwing down the ladder. but that's ok. he doesn't need to get bitcoin. hir heirs will get it. :)
Ray is a good hearted smart man
That was interesting I didn't expect that response
I love your content but wow TH-cam needs to sort out the bots in the comments, it's unreal. Barely any legitimate comments in there, just spam bots promoting coins. Looking forward to the full release, will listen while I drive to and from work. Have a gnarly 2 hour commute at the present moment. Hope all is well Chris, take care.
2:03 because I can store it in my head Ray. That's why.
Soooo looking forward to the FULL... ...UN-EDITED.... Episode
Buy gold, buy Bitcoin, buy property and have some cash available.
Central banks gold buying was at its highest level for 70 years last year and central banks can buy Bitcoin from 2025 onwards, the fact central banks want to be able to buy digital assets suggests they see value in it as well.
Great work and he has much wisdom. Money is a necessity but don’t lose focus on having love around you and finding things to do that you love.
I love you and respect you Ray, so happy you have found peace and love in this life time. Thank you for sharing your light with us
Wow, you have arrived Chris!
I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.
This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?
I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.
I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.
I feel like Mr. Dalio has never asked himself What services do a monetary asset provide?
1. Portability (holding value over space)
2. Durability (holding value over time)
3. Recognizability (holding value between people)
4. Divisibility (holding value at different scales)
5. Scarcity (the reason it holds value)
Money isn't just what it can buy, it is the ultimately exchangeable good. Gold does all of these things well, Bitcoin does them all better.
Come on now...
(1): In most spaces Bitcoin is worth less than the storage it sits on because it is not accepted as money and has no fallback value
(2): Bitcoin and a lot of altcoins are famous for not holding their value and instead wildly varying, nobody wants this for the thing that is supposed to buy them bread
(3): Same point as 1 more or less, the majority of people and establishments attach no value to it
(4): This one actually holds, although it can get tedious if we have to represent it physically
(5): I mean sure, BTC doesn't have tail emissions or something but this is not really the dominating factor of the value it holds
Money or a currency is exactly what I can buy with it, how much and where. And a lot of crypto fails at all of these, to some degree due to technical reasons and some due to hype attracting too many speculators.
@@DiscovererAlpha what do you mean "fallback value" a monetary instrument has no fallback value. It is either a monetary asset or it is a useful good(outside of money). It cannot fulfill both and be scarce. I never mentioned altcoins, I won't make an argument for them. Bitcoin however is literally accepted everywhere. Just because you don't use it does not mean others wouldn't. The 3rd world understands the value proposition quite easily. Fiat money will always debase and people furthest from the money printer alway realise this first. Ask a Venezuelan if they'd rather be paid in Venezuelan bolivar or Bitcoin. Either way the enumerated properties above are not contestable. That IS what money must do to be money. And if money is just what you can buy with it, explain inheritance. The point is Money is a wager against uncertainty.
I mean how is it durable when the fed is bringing out its own digital currency soon. Then if bitcoin will interfere with a nations own digital currency it'll probably just get legally shutdown. Plus it has zero intrinsic value, gold will always have some value as it is a rare metal which cannot be created in the same way - these are essentially two completely different forms of scarcity, plus it serves a purpose as a material for making physical things like jewellery or electronics. Bitcoin is just a byproduct of technology. How many technological revolutions and forms of creative destruction with things in this area of business has there been in the last 50 years? Crazy amounts. Like you are genuinely perplexed to think this will exist in this form and keep rising forever, especially with AI around the corner. The shortsightedness kinda blows my mind. It is a crappy asset like it isnt durable by any means in terms of a long term timescale perspective based on evidence from just technology in general historically - and power of the government. You speak nonsense.
@@JackTheMimic very well said, can you just explain to a donkey, what do you mean with “and if money is just what you can buy with it, explain inheritance.” ?
@@samuelgomes7424 Inheritance is extracting value from the high preference of a person (spending for immediate gain) and transferring that value across time to ones heirs to their benefit. The person creating an inheritance never buys anything. It is actually because of their abstinence that the money they left behind is valuable (given that it is a hard monetary asset)
Mr Dalio not understanding Bitcoin really demonstrates how early we are in this Asset class.
F'real
damn straight!
yes, you are so early, you will be a a billionaire within a few years
Let the old hold onto their gold I say so we can keep buying gold 2.0 at bargain prices ;)
@@DeeG7 yep. I love beeing able to buy btc at such a discount :)
Put into great perspective: crypto account for 30% of Microsoft securities. Market share of crypto is tiny compared to anything else.
And will keep growing ! Can’t wait for the ride!
Please interview Michael Saylor regarding his thoughts on Bitcoin.
Just relax and breath air, watch the sunset and be grateful..
Ray is a likable character.. your neighborly billionaire ex-finance legend, a debt genius, a king of the system we live in, but he gingerly cops out on his answers imo.
I find it a time of fascination where the difference in what Bitcoin is or isn't is so wildly different.
We should talk about what it's doing and how it's going. Comparing it to a 5,000 year old asset, sovereign nation bonds or a reserve currency makes it seem silly.. minimizes what's been accomplished.
some people invest in crypto for the same reason the Gold Prospectors went out west to dig. When you only have enough money for a pick and shovel it's the only option to change your financial circumstances.
You can only appreciate nature, a walk and simple things if your financial foundation is rock solid, and you have home and resources to support you. Homeless people don't view a tent in this "beautifull" "calming" way.
Millionaires are made in crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 2months, and it would really help if you could make a video covering these strategies.
The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, before the pandemic got real serious, I used to handle all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, that's when I touched-base with a coach I saw featured on businessweek, who restructured my portfolio and over the last couple years, I've made over $850k from initially $210K
I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up
"Jackson Sten Marsh." is the coach that guides me, you ca look him up on the web-site for further verification.
Thank you for this tip. it was easy to find your coach. Did my due diligence on him before engaging his services. He seems proficient considering him résumé.
There is a insane gap between oldschool people (in economy, psychology, medicine, whatever...) and young people. It really blows my mind how a person like Ray Dalio sometimes says things like that.
Love you and your podcast but I think you feel really short on this question. I really wish someone would ask him how gold could be a better investment in large sums during unstable markets.
AZO44T gang in the house! Thanks for the analysis!
Based Chris
Bitcoin is not crypto. Bitcoin is its own thing.
Still crypto... maybe the only good one arguably.
Youre at least more right, i would argue
"Bitcoin is a crypto currency, Crypto currency is not bitcoin" would be more accurate. US dollars aren't the same as Aussie dollars yet they're both currency.
@@AppleManiagaming still a... currency. Just like usd, not money.
lol wtf nice try “I am not a murderer, I am a serial killer and I am my own thing”
One problem with gold is moving it. Many people are moving out of USA or out of California and NYC. How would they move $1M of gold? In an armored truck? What about internationally? When you sell and buy it there are huge commission losses.
Mr Dalio's body language says a LOT!...in addition to his highly trained, experienced words. Looking forward to Thursday.
wow congrats
Congrats on getting him on the show!
I think he is right. Bitcoin plays by a different rules unlike money which only moves down in value…..fiat money is reliable in that aspect. For $20 I could fill a Safeway cart in 1987. Now milk and bread with eggs cost &20
Lmao just have a bed to sleep in guys, whilst I operate as a billionaire. 😂
Guys look at what the successful people do, not what they say.
Hyped for this episode 🙌
Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mrs Janet
Wow I'm just shock you mentioned and recommended Expert Mrs Janet,I thought I'm the only trading with her
YOU DON'T NEED TO BE SHOCK BECAUSE I'M ALSO A HUGE BENEFICIARY OF expert MRS JANET
I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days
Ray gives great advice, he is sharing wisdom. Thanks Ray.
youre interviewing ray dalio??? congrats dude!
Where I live is beautiful to enjoy and my people are working on their harmony, however positive a spin I put on it, I'm losing my house as a result of this going on there is no respite of most of us who aren't Ray Dalio.
Product placement, Chris? : )
Gold is actually very abundant. Many countries have vast quantities of unexplored gold under their soil. It is deliberately not unearthed to keep gold value artificially high.
Interview Saifedean Ammous!!!
huh how did u get dalio on legend
Eey the lads done canny eh , interviewing all the top brass.
I am pretty sure Sam Harris debunked what Ray is talking about that after a certain of money you aren’t happier. Money buys you freedom of how you want to spend your time. The more money you have, the more time freedom you can have.
GOLD GOLD GOLD!!...and a dash of BTC
AZO44T , ETH, and more would be great.
on the other side, can I understand the implicit meaning of Ray that Bitcoin is too cheap to invest in? at least, the market capitalization of Bitcoin should be worth 2 Trillion caps, these old money and big institutions would consider investing more money in it.
Was his bitcoin take ever censored?
At this point it is not knowable if Bitcoin will be a viable store hold of wealth or a asset class in the future. The Government might just ban it if they cannot control it
6 months later i 2 x my money in btc at 35k and mooning lol gold down 1% i remember watching this seeing cryto plummit and i doubleed down with no fear
Wow, lots of things Ray Dalio says here just isn't true.
For example the relation between money and happiness: Newer and better studies show that there is NO limit to how much happiness money gives you up to about $4B. The only problem is that you always need to at least double the amount of money you can spend per month to still increase your happiness.
did they test this by giving people $4B?
@@AlexD-qj9pe 🤣🤣
Youre completely missing the point bro there are more important things in life. What kind of life is having all the money in the world but no friends or community. All the most expensive material luxury things cannot beat the beauty of nature either imo. Like the notion that having a good life requires a lot of money is a fallacy - you just need enough to do what you wish to do. And simply due to the current ecosystem of life, that is not possible for everyone to do, or maybe even anyone to do in all circumstances. Like the man is a billionaire lol and he realises the things that make him most happy are things outside of the money. Sure if you are in poverty and need money to survive having money will make your life better. But once you've reached a point of having enough to live ok there are more important things. And these things are probably the most important universally across all income brackets once survival needs are met. Like my own reason for earning money is it becomes a tool to exercise freedom - nothing else. And whilst freedom is important, there are many things just as important such as family, peace of mind, wisdom etc.
If you’re living in a shack in Venezuela how do you get access to gold? If you’re a privileged central bank gold is a no brainer. Bitcoin exists because gold is slow and
inaccessible.
Bitcoin isn't for people with an investing horizon limited to the span of weeks.
Ray Ray is becoming a Bitcoiner as he realizes he was wrong about it before. I'd even bet he will become a big proponent for Bitcoin in the future.
Moon!!
Like it or not, btc is just digital gold. You can move it everywhere and buy digital services with
No way. U got Ray Dalio on 🔥
All those beautiful natural locations tend to cost the most money.
I learned a lot in this podcast. Ray Dalio is really intelligent, but he contradicts himself in some aspects. Like basing success on your financials or status, he dedicated his whole life learning to make 2 Billion dollars a year currently. I am also against the education system as it was put in place for workers to finance the top 1 percent lifestyle. Don't quite know if he's for the people or not. He does give a lot of information that I see as extremely valuable.
Poor Ray needs to bite the bullet and buy some smaller shirts…lol
“Bitcoins bad, but I own some. You shouldn’t though because it’s a bad investment for you.”
“You guys are better off not buying any and staying employed through the next depression, try going in the woods.”
Craig Wright was Satoshi and schooled many like Nick Szabo to code smart with Bitcoin and scales on chain. Learn Satoshi Compliant implementation is only BSV not btc
Crypto is not easy to track, you can make more Money on crypto than gold.
nah, crypto is a scam. bitcoin is the signal
You could start this video at 4 min and have a completely different title and message
Uh ... no, Ray, it is NOT going to "be okay."
Crypto is volatile cause is an asset in its very begining. Volatility is divine as you have the patient to hold and wait and somehow, time the market.
Most people can't afford a home now. I think it's insulting to tell us "money doesn't buy happiness" when you're well off and no one else is. I understand the philosophy, but it comes at an awful time.
Money is not all, be all BUT without enough money makes modern life a wreck.
Just enough- with God's blessings, more time to meditation & love. Just right - enjoy life!
Avoid anxiety.
Que sera, sera.
So Ray Dalio likes Gold and "Crypto", not Bitcoin but traceable ledger accounted eCoins or shall I call them CBDCs, Central Bank Digital currencies.
"This idea of success being measured in the amount of money and success you have is really screwed up."
4:04 this is the key part of the interview: dalio talking us back from the ledge in a profound way. We have a bed and a roof and food and nature then we’re good. Poignant considering his adult son committed suicide a year or so ago.
@2:05... people go to bitcoin and other coins for the gains. Not sure why he played coy there
Innovation always stumps the past gen
Lol but when you look at the innovation and rapid creative destruction of technology why do you then assume bitcoin is here and rising forever with AI potentially around the corner plus countries now creating their own digital currencies? The irony of this statement 😂😂😂
When Ray Dalio says he has a little imagine what that actually means to him. A little is probably 10million worth at a minimum.
2:46
When ray said he has a little of BTC he probably own like $10M 😂
Gold failed its true promise in 1971. It’s not portable at all and is continually confiscated throughout time. 1 year ago Dalio said he had bitcoin and eth. Now he’s bearish in the depths of the bear market. Feels like he didn’t understand it when he bought.
Gold in terms of weight for a given monetary value is between $50 and $100 USD bills.
Shows that he's not that good of an investor. He probably bought near the top. Wonder if I sold to him 🤔
Excellent content. I used the last dip to stock up, buying AZO44T now its cheap, can't miss the presale.
Hey average Joe…buy gold. “Ugh where?”. Oh, at your local pawn shop. “Huh?” Yeah. “What do I do if I need my money?”. Go back to the pawn shop. “Huh?” Yeah.
If Bitcoin were to seriously challenge the dollar - which it would need to do to thrive - surely the Government will either outlaw it or make it too difficult to use.
If the government moved to ban Bitcoin, it wouldn't prove that it has no value. It would prove that a tyrannical government was scared of the single greatest innovation known to man.