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.
Stack Hodler / StackHodler
npub1g4…gxt9c
2023-02-02 14:40:16
Author Public Key
npub1g4lp0dl2j75ytgx3l287m2vhvktx0r363t6xm3n8r4qwq5xws47swgxt9cPublished at
2023-02-02 14:40:16Event JSON
{
"id": "b3d89bc6b44ebb5c6a8277c7e5250ac71434403a501c776d0fd37b599ba50dd9",
"pubkey": "457e17b7ea97a845a0d1fa8feda9976596678e3a8af46dc6671d40e050ce857d",
"created_at": 1675348816,
"kind": 1,
"tags": [],
"content": "Dalio is all over the place with his Bitcoin takes today on CNBC:\n\n“It has no relation to anything”\n\n“It’s a tiny thing, it gets disproportionate attention”\n\n“It’s not going to be an effective money, storehold of wealth, or medium of exchange”\n\n\"But we’re in a world where we’re printing too much. \"\n\n\"In that world the question is what is money and how does it operate?\" ... yes\n\n\"I don’t think that the stable coins are good because then you’re getting a fiat currency again.\"\n\n\"The digital Renminbi will begin to become more of a thing.\"\n\n\"If Saudi buys things in RMB, they’re going to hold more things in RMB.\"\n\nSo... Digital RMB? Sounds pretty darn fiat to me.\n\n",
"sig": "794d06e0566ef5362b1266beba3ccd6f7d84005b42f79319e60bf8761599fd5e48ffefe8ee971d5b23943a937b38634f749820850e6a0d0e5083d7f9fe2a6d0d"
}