Ray Dalio Compared Bitcoin To Digital Gold

The digital gold reference is to the coin PAXG which is actually backed by gold in vaults. You can trade even on Interactive Brokers so it is legit.

tldr; Ray Dalio has compared Bitcoin and other cryptocurrencies to “digital gold” on CNBC’s Squawk Box. “I think a digital gold, which would be a Bitcoin sort of thing, has a small spot related to gold and then relative to other things,” he said. Dalio added that all fiat currencies eventually lose value in comparison to products and services.

Smart comment:

He of course won’t tell you there’s already gold-backed cryptos…

These people really hate the general population.

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