Bridgewater Fund founder: The dollar's bad debt situation indirectly drives price rises in gold and cryptocurrencies

Odaily Planet Daily News Ray Dalio, founder of Bridgewater Fund, published an article today talking about stablecoins and cryptocurrencies. His core views include: 1. It does not believe that relaxing regulation of cryptocurrencies will threaten the status of the US dollar reserve currency, but the poor debt status of the US dollar and other reserve currency governments affects their attractiveness as reserve currencies and means of wealth storage, which has been one of the factors driving the price rise of gold and cryptocurrencies. 2. It is not believed that the exposure of stablecoins to Treasury bonds will pose a systemic risk. The real risk is the decline in the actual purchasing power of Treasury bonds. If stablecoins are well regulated, this should not create any systemic risk. 3. Cryptocurrency is now an alternative currency with limited supply, so if the US dollar currency supply increases and/or the demand for it decreases under all the same conditions, this may make cryptocurrency an attractive alternative currency.