After recent inflationary concerns and monetary policy stances that the US government has announced, Dalio has warmed up to the concept of Bitcoin as a store of value and is starting to hold it in higher esteem compared to certain traditional vehicles like government bonds.
Inflation Takes Hold
After a long period of suppressed demand, the economy is bouncing back from the pandemic, bringing with it the problem of supply shortages across the board. Sustained price increases are hitting the world, as the US sees the biggest inflation jump since 2008. It’s a cautious time for investors with large cash reserves or treasury bonds, as in a period of high inflation, their nominal purchasing power will drop rapidly.
Ray Dalio, much like the majority of the cryptocurrency world, believes that Bitcoin will fare better than bonds in an inflationary era like the one we’re in right now. The narrative that Bitcoin is a hedge against inflation has yet to be proven in practice – but the economi
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