Bridgewater Fund founder: The dollar's bad debt situation indirectly drives cryptocurrency and gold prices

BlockBeats News, on September 3, Bridgewater Fund founder Ray Dalio posted a statement today saying that he 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 a means of reserve currency and wealth storage, which has been one of the factors driving the price rise of gold and cryptocurrencies. In addition, Ray Dalio does not believe that stablecoins’ exposure to Treasury bonds poses 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. "Cryptocurrency is now an alternative currency with a limited supply, so if the U.S. dollar currency supply increases and/or demand for it decreases, this could make cryptocurrency an attractive alternative currency under all the same conditions."