/biz/ - Business & Finance

Don't be a cocktease, fag.

>“There are two purposes of money: a medium of exchange and a store-hold of wealth,” explained Dalio. “And Bitcoin is not effective in either of those cases now.”

>In Dalio’s view, Bitcoin is simply too volatile to act as a proper store of value, and over the long term, he sees more potential in something like Facebook’s Libra project. That said, there is reason to believe the level of centralization found in Libra and various central bank digital currency projects would actually have a positive effect on Bitcoin.

>“But also: Who is going to do the buying?” added Dalio. “Central bankers and others. What are they going to hold as reserves? What has been tried and true? Are they going to hold digital Bitcoin? They’re going to hold gold. That is a reserve currency, and it’s been a reserve currency for a thousand years.”

>>16954412
My bad I should have mentioned his problem with it was its volatility.

>>16954387
>Billionaire Jew makes Jew statements to protect his Jew schemes

Who gives a fuck

Dalio likes the ingenuity and logic behind crypto, but not BTC itself. He believes the perfect currency is like a decade away

>>16954387
>a store-hold of wealth

hasn't it objectively been the best store-hold of wealth for the last decade? I don't understand where these dudes are coming from

>>16954417
>why do we watch the super rich who didn't inherit their wealth
Really?

>>16954421
>He believes the perfect currency is like a decade away
Nah. He is FUDding to accumulate. The rich are all hoarding BTC and lying to our faces about it

>>16954412
>>16954423

Ok I'm not being entirely fair - I would need someone to find the statistics over the last decade for like "Days you could have invested in BTC where you would have lost money by today" versus "Days you could have invested in BTC where you would have gained money by today" and then compared that to the stock market or something

Bitcoin would shit on every asset in existence and (knock on would) I'm guessing it will have a similarly successful, but not as good, run for this next decade.

If Btc loses #1 spot then it's time to leave

>>16954438
He's never made one bullish case for BTC in the past five years that I've watched him. He would already been in by now and shilling it if he actually believed in bitcoin. It doesn't take half a decade to accumulate.

>>16954387
If you have billions to invest, Bitcoin is a terrible investment indeed.

>>16954416
bitcoin is no more volatile than any other market which doesn't have (((circuit breakers))) built in. fucking kikes kill price discovery in traditional investment markets then kvetch about it anywhere else

>>16954445
>"Days you could have invested in BTC where you would have lost money by today"
I don't have accurate statistics but I believe the number is somewhere around 50 days or so.

Dalio has enough capital to pump Bitcoin to $10000000 of he wants to. From his perspective, investing in such a marginal and unproven market is likely a waste of time. He has no reason to provide liquidity to dumb retail investors who buy BTC on coinbase.

>>16954417
That's the attitude of a conquered person. Jews won by carefully studying and undermining their enemies.

>>16954423
Gold is a better store of value compared to Bitcoin if you look at the last 10 years. Even if you bought gold at 2012, you would only be down 20%. If you bought BTC ATH at $20k, you would be down 50%.

He's currently famous for riding a $2.5 billion short of equities since 2018

>>16954735
Hmm I definitely think of "store of value" as "If I bought this, the chances of me losing money from buying it over a long period of time are slim to none". Not "If I bought this at its most expensive price ever, I would be down x%".

It's more about longevity and reliability than fall from ATH. Of course, no asset in existence beats gold in terms of longevity, that's a given. I suppose BTC's "risk" is that although it has fucking crushed every asset this decade; it has only been around for a decade. That frightens the hell out of boomers.

>>16954735
Why is it goldfags pretend to be unaware Palladium went 20x and as they're holding the shitcoin of metals?

>>16954829
Goldfags don't even know that palladium is a metal

>>16954829
dont fucking remind me