Inflation has been a massive issue for nearly every major country for the past year or so.
Consumers and corporations alike have felt the pain, with the previous four quarters of earnings proving to be relatively lackluster. While inflation is slowly declining, it has caused the debt of the U.S. and other countries to soar.
Between strong inflation and the massive debt burden, the founder of the world’s largest hedge fund is sounding the alarm. Bridgewater Associates Founder Ray Dalio has grown his investing empire into one of the largest hedge funds in the world.
In a recent interview with CNBC, Dalio said, “Money as we know it is in jeopardy [because] we are printing too much, and it’s not just the United States.”
Dalio ruled out Bitcoin as a solution because he says it’s proved to be too volatile, doesn’t relate to anything, and many industries are more interesting than crypto.
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While Bitcoin isn’t the answer, a digital currency could be. “I think that what would … be best is an inflation-linked coin,” said Dalio, noting that the closest thing on the market to his vision is an inflation-linked index bond in the form of a currency.
This is in stark contrast to the recent narrative around digital currencies and crypto. The sentiment around crypto and other digital currencies is likely at an all-time low because of the recent collapses of FTX,…
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