Stack Hodler on Nostr: Dalio is all over the place with his Bitcoin takes today on CNBC: “It has no ...
Dalio is all over the place with his Bitcoin takes today on CNBC:
“It has no relation to anything”
“It’s a tiny thing, it gets disproportionate attention”
“It’s not going to be an effective money, storehold of wealth, or medium of exchange”
"But we’re in a world where we’re printing too much. "
"In that world the question is what is money and how does it operate?" ... yes
"I don’t think that the stable coins are good because then you’re getting a fiat currency again."
"The digital Renminbi will begin to become more of a thing."
"If Saudi buys things in RMB, they’re going to hold more things in RMB."
So... Digital RMB? Sounds pretty darn fiat to me.
“It has no relation to anything”
“It’s a tiny thing, it gets disproportionate attention”
“It’s not going to be an effective money, storehold of wealth, or medium of exchange”
"But we’re in a world where we’re printing too much. "
"In that world the question is what is money and how does it operate?" ... yes
"I don’t think that the stable coins are good because then you’re getting a fiat currency again."
"The digital Renminbi will begin to become more of a thing."
"If Saudi buys things in RMB, they’re going to hold more things in RMB."
So... Digital RMB? Sounds pretty darn fiat to me.