Bridgewater's Dalio: Stablecoins are not a good store of wealth, having held a small amount of BTC for many years.

PANews, October 17 – In a recent exclusive interview with Caixin, Ray Dalio, founder of Bridgewater Associates, analyzed the characteristics of Bitcoin and stablecoins and their roles in investment portfolios. He stated that he has held a small portion of Bitcoin for many years, and the investment ratio has remained unchanged. He views Bitcoin as a diversified asset relative to gold, but also acknowledges its drawbacks, noting that Central Banks will not hold Bitcoin. Ray Dalio also added that stablecoins are not a good means of storing wealth; their essence is that they can be exchanged for corresponding fiat currencies and do not generate interest. Therefore, from a financial perspective, holding stablecoins is not as beneficial as holding interest-bearing fiat assets. The advantage of stablecoins lies in their global acceptance, functioning as a convenient clearing system for transactions. Thus, they are suitable for those who do not care about interest. Regarding whether stablecoins can solve the U.S. Treasury bond issue, he believes that if the buyers of stablecoins themselves hold U.S. Treasury bonds, it is equivalent to moving U.S. Treasury bonds from one pocket to another, and whether there will be new demand for U.S. Treasury bonds remains to be seen.