[Dalio: Stablecoins Are Not Suitable as a Means of Wealth Storage, Holding a Small Amount of Bitcoin as a Supplement for Asset Diversification] Bridgewater Associates founder Ray Dalio stated in an interview that although he has held a small amount of Bitcoin for many years and views it as a diversified asset relative to gold, he believes Bitcoin has its shortcomings, such as the fact that central banks around the world will not hold Bitcoin. Additionally, he expressed reservations about the investment value of stablecoins, arguing that their essence lies in being pegged to fiat currencies and their inability to generate interest, making them unsuitable as a means of wealth storage. Dalio pointed out that the advantage of stablecoins lies in their global applicability, making them more suitable as tools for transactions and settlements rather than long-term value storage. He also mentioned that whether stablecoins can address the U.S. debt issue depends on whether their buyers hold U.S. debt, and it is currently difficult to determine whether they will increase demand for U.S. debt.
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