Billionaire Hedge Fund Manager Ray Dalio on Cash, Fiat Currencies, Crypto

Fascinating interview from Ray Dalio who is at the Davos 2022. It was reported on Yahoo and CNBC so you might want to watch what he says about all crypto, fiat currency, and cash.

And so it still is our third largest reserve [asset]. If you take central bank reserves, the largest is the dollar, the second largest is the euro, and the third largest is gold… But I don’t think digital currencies will succeed and in the way people hope they would for those reasons.
…“Of course, cash is still trash. Cash – i’m asking you, do you know how fast you’re losing buying power in cash?

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