TechFlow news, August 26 — According to Xiansheng Podcast, Bridgewater Associates founder Ray Dalio stated in his first Mandarin podcast interview that he holds a small amount of Bitcoin as a diversification tool, but finds gold more attractive than Bitcoin. The disadvantage of Bitcoin is that central banks won't hold it. In contrast, gold is the second-largest reserve currency among central banks after the U.S. dollar.
Regarding stablecoins, Dalio believes they are only suitable for high-inflation countries or users who do not care about interest, serving purely transactional purposes. Since stablecoins yield no interest, have unlimited supply, and their value depreciates along with fiat currencies, they are unsuitable as investment vehicles for most people. He emphasized that truly risk-free assets today should be inflation-linked bonds, not stablecoins or U.S. Treasury bonds.
