‘A flood of money and credit’ — Ray Dalio new Bitcoin praise echoes MicroStrategy By Cointelegraph


‘A flood of money and credit’ — Ray Dalio new Bitcoin praise echoes MicroStrategy

(BTC) can offer protection against the “depreciating value of money,” newly-bullish investor Ray Dalio says.

In a Reddit “Ask Me Anything” session on Dec. 8, Dalio, who last month abandoned his skepticism of Bitcoin, said that the cryptocurrency could complement gold as an investment.

Bitcoin 90-day returns correlation with major macro assets. Source: Digital Assets Data
Bitcoin priced in gold 2-year chart. Source: xe.com