Is Ray Dalio a Bitcoiner? Hedge Fund Manager says The System is Broken & Central banks’ Attempts are “Futile”

    Ray Dalio, billionaire hedge fund manager, recently wrote 'The World Has Gone Mad and the System Is Broken' as many associate his take with bitcoin and its benefits as a whole.

    Just a few days after the Federal Reserve cut interest rates for the third time this year and the US national debt hit $23 trillion for the first time, billionaire hedge fund manager Ray Dalio released yet another LinkedIn post titled, “The World Has Gone Mad and the System Is Broken.”

    According to Dalio, it will fall upon the Fed to fix the largest gap, US Federal deficit sees an increase of 26% from 2018, seen in several years by printing more money.

    And the central bank buying financial assets to push economic activities and inflation up is a “futile attempt.”

    The System is Broken

    Central banks he says, has been giving cheap money to investors that have been injecting it into companies that aren’t contributing to economic growth and are often unprofitable. “The system of making capitalism work well for most people is broken,” he wrote.

    Apart from giving enormous amounts of cash to these investors at ultra-low rates, he attacked the large govt. deficits that he says will “certainly increase substantially” that will require the government to sell “huge amounts of more debt” that can’t be done without driving up the interest rates. “This whole dynamic in which sound finance is being thrown out the window will continue and probably accelerate,” he wrote.

    Dalio further took a shot at pension funds “that have investments that are intended to meet their pension obligations use assumed returns that are agreed to with their regulators.”

    The solution to these issues are printing more money, raising taxes, or slashing benefits. And no matter the option they choose to go with, it will only worsen the wealth gap.

    “Dalio a Bitcoiner & Hasn’t even Realized it Yet”

    Though Dalio is not into Bitcoin and believes it to be a “speculative bubble,” Morgan Creek Digital’s Anthony Pompliano believes these write-ups suggest him to be a Bitcoiner. “Ray Dalio is a Bitcoiner and hasn’t even realized it yet,” said Pomp.

    Not directly, but in his July piece called “Paradigm Shifts” when Dalio talked about finding “the next-best currency or storehold of wealth” during a time when most central bankers want to devalue their currencies in a fiat currency system, the crypto community took it as an indirect endorsement of the leading cryptocurrency.

    Given the fact that, unlike fiat currencies, Bitcoin can't be printed endlessly, isn’t controlled by a single entity, and has been the best performing asset, this holds true to some extent.

    Bitcoin (BTC) Live Price

    1 BTC/USD =$8,349.1130 change ~ -1.44%

    Coin Market Cap

    $151.8 Billion

    24 Hour Volume

    $4.02 Billion

    24 Hour VWAP

    $8.4 K

    24 Hour Change


    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    AnTy has been involved in the crypto space full-time for over a year now. Before his blockchain beginnings, he worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    VanEck CEO: “No Bitcoin ETF Approval In The Foreseeable Future” By The SEC

    Jan Van Eck, of Van Eck Associates, and CEO, gave his opinion on the probability of a regulated crypto investment asset taking root in...

    Crypto Luddite Peter Schiff's Bitcoin FUD Shows Him Up As Wilfully Ignorant

    If you're someone who grew up in the swinging sixties trying to get to grips with contraptions like typewriters and cassette tapes, ogling bikini...

    BlockFi To Cut Rates For ‘Tier 1' BTC And ETH Lenders While Boosting ‘Tier 2' Starting Feb 1

    BlockFi announced changes in its Bitcoin (BTC) and Ethereum (ETH) lending yields starting Feb. 1. Changes follow the increasing price and interest in...

    MENA’s Unbanked to Drive Crypto Adoption While China’s 5G SIM Cards to Enable Digital Payments

    In MENA region, two-thirds of people unbanked but over half of the countries have 70% mobile subscriber penetration rate China Telecom working on...

    Are Mining Death Spiral Believers Holding Bitcoin's Price From Jumping?

    Bitcoin hash rate down at 118 Th/s from ATH of 126 Th/s hit on the day BTC price jumped to $9,000 A risk...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.