TechFlow News — Ray Dalio, founder, co-chairman and chief investment officer of the world's largest hedge fund Bridgewater Associates, said at the Hong Kong FinTech Week that issues such as pandemics, climate change, and geopolitical tensions have become stress tests for financial markets, and this year is only the first year of a long-term stress test. Dalio remains bearish on the U.S. dollar and bullish on China, advocating diversified investment portfolios as a prudent strategy. He also shared his views on Bitcoin, stating that it is neither a reliable medium of exchange nor an effective store of value due to its excessive volatility, and central bank authority will also act as a constraint.
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