Ray Dalio: “Crypto currencies are creating a bubble because of excessive interest”

According to Maeil Business News, Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, said, “Cryptocurrency can be seen as an alternative form of money, but we do not consider government surveillance and excessive price fluctuations. “The bubble was created through receive too much attention.” In the session ‘Conversation with Ray Dalio: The Great Circle of the Global Economy’ held at the 23rd World Information Forum held at the Jangchung Gymnasium in Seoul on the 22nd, he said, “In the future, more digital money will come to the fore, and only as credit cards replace paper money, digital The use of money may increase, but I don’t think it’s a revolutionary change.” Ray Dalio, meanwhile, added that “the cycle of austerity has just begun and the next few years will be a difficult time,” he added.

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