Three reasons why bitcoin will not become an everyday currency – Dalio

Business Insider/Ben Winck

photo of Bridgewater Associates Ray Dalio“The token also isn’t ‘very good as a store-hold of wealth because it’s volatility is great and has little correlation with the prices of what I need to buy,’ he said. Owning bitcoin does nothing to protect buying power, Dalio added.”

USAGOLD note: Dalio says that he might be missing something when it comes to bitcoin. We would encourage him to trust his instincts.

Repost from 11-19-2020

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