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"#Bitcoin has no relation to anything. It's a tiny thing that gets disproportionate attention," says Ray Dalio on #crypto. "The value of $BTC is less than 1/3 of $MSFT stock. It's not an effective store of wealth. But we are in a world where money as we know it... show more
10 Comments

@RayDalio It’s funny how he describes perfectly what Money should be, and yet fail to see that Bitcoin has it all embedded. Nearly there Ray. But you need some help from @saylor to see the light.

@RayDalio This is why #BABYDOGE will dominate the crypto market 🚀

@RayDalio Dalio proves once again he hasn’t actually studied #bitcoin

@RayDalio Ray's appears to be struggling with his speech there. I hope he's not sick.

@RayDalio I don’t even know where to start with this 😐

@RayDalio What he describes at the end, I believe the dollar was supposed to be this, Central Banking policy was supposed to do this... Yet, he wants to repeat the same error again trusting a board or something to keep this coin going honest... Guess who got an invite to be on a board?

@RayDalio Love to see it when "what is money" is a theme on mainstream media. The inevitable collapse of the $ is inching ever closer.

@RayDalio it has no relation to anything apart from being close to perfectly correlated to M2 and monetary base. Almost trading perfectly correlated with the overall risk sentiment

@RayDalio In other words, that's the smartest guy when it comes to a hedge fund? Yikes. Fiat is fraud

@RayDalio have huge respect for @RayDalio but it's clear he doesn't know much about $BTC and #crypto


