Ray Dalio, Bridgewater Associates founder, provides his thoughts on bitcoin’s “highly speculative” currency market.
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Bridgewater Founder Ray Dalio: Bitcoin Is A Bubble | CNBC
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lol dude doesn't understand bitcoin….anybody who starts talking about currency and bitcoin doesn't get it….it's NOT a currency and has virtually no chance of ever being truly used like one. It has too many limitations. But it IS a COMMODITY! It's a perfectly good storage of wealth…and the only reason bitcoin is less stable than gold is because it's so much smaller than gold. Btw, for how big gold is, it's pretty dang volatile in my opinion.
This guy started stuttering like crazy once he tried explaining his reasoning. Even he knows what he's spewing is bull
Dalio speaks the truth.
You must ask young people if bitcoin has value. Not old men. The young people will decide its value, not dying old men.
These videos are going to look funny in 5-10 years.
Trans-actionable = Yes A Store of value = Yes Unprintable = Yes Free from government manipulation/Theft = Yes Deflationary/ Scarce = Yes CNBC doesn't like Bitcon
These people have been in power and control of markets for too long. You will see more desperate attempts by 'famous' investors and bankers to stop Bitcoin and the Crypto markets all the while buying the dips as they did recently lol. The goal is to have enough of it to manipulate the Crypto markets just like they do with Gold/Silver markets. He loves Gold as they control the paper market. These people don't care about investors, but they sure don't want investment money leaving the over inflated stock market and into something completely out of their control. For a bubble you need two things working at the same time; it has to be widely held and too expensive for the average person to buy in. Neither are currently in place. Young people get it, Bitcoin is viewed as digital Gold that doesn't need expensive vaults and can be transferred in seconds worldwide. Obama…."If … government can’t get in, then everybody’s walking around with a Swiss bank account in their pocket."
Keep talking as I stack these LTC
Thanks Ray Dalio for solidifying where your billions will go during the great wealth transfer, my future self thanks you.
Thanks Ray Dalio for solidifying where your billions will go during the great wealth transfer, my future self thanks you. Bitcoin/crypto is the black hole to this rigged financial system.
agree with many comments here. the younger generation will decide the evaluation not decrepit old men
One of the most blessed man in the history of mankind
Sir, stop shaking while demonizing Bitcoin would you? Take anxiety pill or something before you are scared of Bitcoin to death
Ask him what is the dollar! Print another few trillion eh
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Don't trust men in suits.
He talks about gold as if the USD is still backed by it.
2 things necessary for any FIAT currency: Corrupt politicians and Corrupt bankers! Sick of seeing these OLD WANKERS talking about technology the cant even understand.
this guy wants to lower the price of BTC so he can get in , lol …. IDK how he made millions with those kind of perspective of how money works
I make transactions everyday!! Theyre all fighting to save the dollar because they have so much of it, while secretly investing in cryptos. Smh ?
I have a lot of respect for Dalio, but to say, as he does at the end, "It's very much speculative people thinking, 'Can I sell it at a higher price?' And so it's a bubble," doesn't make logical sense. Or if it does, then all tradable assets are "bubbles." This also ignores the major question of WHY people are speculating on Bitcoin. There is, after all, the massive technological breakthrough—that allows for products, services, and tools never before possible—which some would argue is the main driver for the price growth.
Well just wait for some mystery man to cash out again and watch your "investment" evaporate over night.
old men know chet
Well none of us has built wealth like Ray, so meh. He has his reasons for saying that bitcoin is a bubble, and hes not wrong from his point of view. The day that bitcoin go mainstream and legitimately regconised by banks and governments, it will not be speculation then, but banks and governments will make sure that will never happen.
Bitcoin is the classic bubble. Bubbles give idiots confidence especially as the price temporarily rises because they think they're correct. The people who really know nothing are the ones who actually think bitcoin will work and have any longevity to it. Something solely based on technology and backed by absolutely nothing can NEVER have a store of value. There will ALWAYS be something much better created. Bitcoin doesn't produce anything or offer any service, therefore there are no sales that will speak for themselves so the arguments I've seen are nonsense when comparing it to other things that initially weren't accepted. I'm not saying "cryptos" won't be anything, but in their current form they never will be other than highly speculative and incredibly risky digital assets. They would first actually have to be backed by something other than thin air to have any potential value in terms of longevity. The US dollar is at least backed by guns, missiles, and a globally influential nation. Bitcoin will crash to zero or very near zero as we get much better and much more efficient "Cryptos" brought to the market place. Heck, the government may even shut down all the exchanges before that even happens and issue FedCoin. Banks issue their own crytos, etc. what makes them worthless other than current perceived "value" that won't last is the fact that they're backed by nothing, there's an infinite amount of crytos that can and will be created, and they're solely based on technology and nothing else, meaning the current crytos will be obsolete in the near future
He is not a genius like the guys on Reddit and the Youtube comment section
Bitcoin has value for sure, not bubble. These old guys do not understand bitcoin. Bitcoin is the future !!
Bitcoin is LEGAL – FED NOTES are ILLEGAL.
As much as I respect Dalio's opinion, I don't think he owns any bitcoin…therefore he does not understand the concept of bitcoin and its potential. But hey, we are all learning I guess!
Bitcoin questions. never ask a guy who invests in wall street and only like to pump dump stocks and manipulate, never ask a hedge fund manager i he likes bitcoin, never ask a guy over 50 what he thinks of bitcoin. They hate bitcoin because they are soooo scared.
Brace yourselves *Bitcoin Fanboys that are late to the show and Internet Finance Gurus are coming *
Amazing how people commenting on Youtube videos seem to know more about money than someone who has made a billion dollars seventeen times over
Ha ha… You just keep thinking like that Mr. Bankers. Cuz if you do, game over clowns. Bitcoin is banks first competition. They never had competition before. Now is the time. Bitcoin is the people money. And since i'm a bitcoin owner my phone is my bank don't need you guys anymore.
Keep thinking like that. So did the CEO of Kodak when he said nobody will use a digital camera. When the CEO of Block Buster video kicked out Netflix said they will never go anywhere. When post office general said e-mails will never compete with mail. When shopping malls laughed at Amazon saying nobody will shop online. When newspapers said internet is a scam newspapers will be here forever. So how did all that work out for the haters of internet? Banks never had competition. They got away with murder being bailed out by government while people lost homes. People hate banks and the 1%’ers. So if bankers think Bitcoin is going nowhere I say please keep thinking like that. Because then its game over for you.
my bitcoin are missing…… https://youtu.be/iONzmt8eWtY
How dare people be so disrespectful to refer to Ray as a dying old? I am 26, so not old by any means. People like Ray are generous enough to give out their knowledge for free. To disregard the advice of a man who created the company which runs the largest hedge fund in the world makes you a fool. Ray not only understands cyrpto currencies, he understands the economy; far more than anyone commenting on his videos.To understand the economy is to understand the impact the different instruments within it will have on the economy, and how the economy will affect those instruments. Ray explains how it COULD become more valuable and that it is NOT CURRENTLY an effective tool for the exchanging of currency and assets. PEOPLE UNDERSTAND THERE IS A DIFFERENCE BETWEEN WANTING SOMETHING TO BE REAL AND WHAT IT'S TRUE VALUE IS. Just because you want Bitcoin to work doesn't mean it will; however I am not saying that it won't also. Ray explains as of this moment in time, the worth of this crypto is based on its ability to actually be used. To disregard the advice of a man of whom many few men will ever match, you are a fool, and to disregard his advice is at your own immature and inexperienced peril. Without the ability to use a crypto iti s rendered worthless bar only by its exclusivity, but, as time progresses, you will be able to. As a result, the value of those cryptos will increase. I do not understand the negativity towards this video. To look at the video negatively shows you are looking at this only on one level; read between the lines of what people say, see the opportunities available when people explain things you may not initially like to hear…otherwise expect to be baby fed the rest of your lives.
bubble！！！
I just like the comment section below, it just reminds me of the dot-com bubble. Everyone are experts, and very optimistic as if nothing can go wrong and that this asset is a sure thing to invest, everyone feels like they're missing out and they're all going to be rich. All bubbles starts like this.
It reminds of a quote from Warren Buffet, "Be fearful when others are greedy and be greedy when others are fearful."
Bitcoin has no real value, only people creates those imaginary value, the value of this asset is dependent upon the people who buys it like the Mona Lisa painting, there's no protection on the downside whatsoever. And when new regulations are passed, this sucker will burst just like all type of bubbles. You are paying for something that is not there hoping that the next guy who is more stupid than you will bid higher.
The big issue I see is nothing is backing bit coin. The dollar has value, because it has the US Gov’t backing it. The dollar as a currency has a 200 year track record.
I do like the idea behind bit coin. The other big issue is you can’t use it in everyday transactions. Block chain tech isn’t going anywhere, but bitcoin could.
Seems he is just little bit bullish still on the long term, more so than for example Bogle. He describes that volatility and ease of transactions prevent bitcoin from being what it should be, but those are going to get fixed, and volatility has already decreased over time. He is worried of lack of privacy, for which there are other cryptocurrencies (Monero) which will provide this to the system of cryptocurrencies.
Honey badger don't care…
Forgot to discuss monetary policy…non-inflationary store of value.
"It's not an effective storehold of wealth."
Please look at how wealthy anyone that has used it as a storehold of wealth over an extended period of time are.
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What he says is %100 true. But he is speaking of a time b4 mass adoption..
Bitcoin is a bubble – you have some form of mental retardation if you don't believe that. But a bubble also doesn't mean bitcoin is 'bad' or will ''disappear.' Disruptive technologies like the internet tend to attract a lot of hype before real world use cases are properly built.
Hello Mr. Dalio I'm from the future. It was a bubble.
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