Search results for Ray Dalio
General News
Iran hints at circumventing payments in yuan and bitcoin, signs of cracks in petrodollar system
The petrodollar system is being shaken by the fallout from the U.S.-Iran war, with signs of cracks in the dollar-based structure for global oil trade. War risk in the Gulf has raised concern about dollar shortages, and UAE officials have discussed possible financial backstops with the United States. Iran is reported to have imposed yuan-denominated passage fees in the Strait of Hormuz and has also signalled possible use of bitcoin-based fees.
Crypto
Economist Lyn Alden says bitcoin to beat gold returns by 2029
Bitcoin is likely to post higher returns than gold over the next 2 to 3 years, a forecast said. Macroeconomist Lyn Alden (린 알든) said gold has been strong but bitcoin is more likely to outperform through 2029. Gold sentiment indicators show greed while crypto indicators signal extreme fear. Bitcoin is at $71,164, down 44 percent from its October record of $126,000, but Alden said its long-term growth potential is larger.
Crypto
Ray Dalio warns of world order collapse; can bitcoin emerge as a neutral currency?
Bridgewater Associates founder Ray Dalio says the order built after World War Two has officially collapsed and a era has arrived in which power replaces rules. Cointelegraph reported that he sees major powers trapped in a prisoner’s dilemma across trade, technology, capital flows and military conflict, creating conditions that could trigger foolish wars. It said he also pointed to rising domestic turmoil and the appeal of bitcoin and gold.
