3min chapter

The "What is Money?" Show cover image

Ray Dalio's Take on Bitcoin | Principles of Bitcoin Series | Episode 2 (WiM255)

The "What is Money?" Show

CHAPTER

The Importance of Bitcoin

Bitcoin has a fixed supply, when and if it finally does become this unit of account, it's basically giving us these pristine price signals that are all signal and no noise. So to put a button on that with raised critique, he thinks he's just betting that central bank digital currencies will be better than Bitcoin. And I think that betrays a deep ignorance of the supply side fundamentals of money,. That is quite simply never going to be a central bank digital currency whatsoever.

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