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Bloomberg/Nathan Crooks/12-8-2020
“As for bitcoin relative to gold, I have a strong preference for holding those things which central banks are going to want to hold and exchange value in when they are trying to transact.”
USAGOLD note: How many ultimately see bitcoin as a store of value? How many, despite all the hoopla, as just another speculative investment? Dalio worries about America facing an “internal and/or external existential conflict” between now and the 2024 election – one of several interesting points made in this must-read interview. Under such circumstances, Dalio makes no bones about which of the two is likely to be the preferred asset of last resort.
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