Below is a translation of Dalio's last comment into Bitcoin:
"I probably might have missed something aboutbitcoin. If so, I will be glad to be corrected. My problem with Bitcoin is that, in my opinion, an effective currency should be simple.
1. Bitcoin is not a very good medium of exchange. so far you cannot buy much for it (I suppose this is because it is too volatile for most sellers, correct me if it is not)
2. Bitcoin is not a very good store of value, also because of the volatility and because its price haslow correlation with the prices of the goods I need, hence owning it does not protectmy purchasing power
3. If Bitcoin becomes successful enough in society, it will becomethreaten the status of states that control currencies and are likely to do soall to outlaw Bitcoin, and the use of it will becomeDangerous
Also, unlike gold, which isthe third reserve asset among central banks, I cannot imagine, central banks, institutional investors, businesses, and multinational companies that would start using it. If I am wrong in something, I will be glad if you correct me. "
P.S. You can correct Dalio on his Twitter, or write your opinion in the comments on my Telegram, I will translate the best of them and send it to Ray(don't forget to subscribe to my Telegram to get more useful content on the markets).
