According to Odaily Planet Daily, Bridgewater Associates founder Ray Dalio stated in his Chinese podcast debut that he holds a small amount of Bitcoin as a diversification tool, but that gold is more attractive than Bitcoin. Dalio believes that gold is the second-largest reserve currency, while Bitcoin still has some shortcomings as a reliable store of wealth, such as the fact that central banks do not hold Bitcoin. Dalio emphasized that gold is the only asset that can be owned by individuals and is not a liability to others. (Note: Being a liability to others means that its value is determined by market supply and demand and is not affected by the solvency of any issuer, government, or bank.)
Furthermore, when discussing stablecoins, Dalio stated that while stablecoins offer significant advantages in terms of trading, they typically do not offer interest, making them less valuable as a store of wealth than interest-bearing monetary assets. Dalio believes that inflation-indexed bonds, which provide compensation based on inflation, are a better asset class than stablecoins. However, stablecoin buyers are typically emerging market users who are less concerned with interest rates and prioritize transaction convenience.
