Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»It’s time for society to think about alternative money
Finance

It’s time for society to think about alternative money

January 25, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
It's time for society to think about alternative money
Share
Facebook Twitter LinkedIn Pinterest Email

Hear and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube or wherever you discover your favourite podcasts.

DAVOS, SWITZERLAND — Billionaire investor Ray Dalio thinks the bloated US debt place may find yourself devaluing the greenback (DX=F) as a retailer of worth.

So it is time to consider wider acceptance of different cash equivalent to crypto.

“We now have a state of affairs the place we’ve got an excessive amount of debt and we’re producing it at a quick tempo. So sure, we’ve got to consider different monies,” the Bridgewater Associates founder mentioned on Yahoo Finance’s Opening Bid podcast on the World Financial Discussion board in Davos, Switzerland (video above; pay attention beneath).

Dalio added, “And by the best way, this isn’t people who’re simply excited about it. These are nations and central bankers who’re excited about it. The altering and the holdings of bonds and debt as an asset, and the shopping for of gold and different belongings when it comes to the combination is a actuality.”

Bitcoin costs have boomed 165% up to now yr, climbing over $100,000 per coin after Donald Trump gained his re-election in November. The brand new administration is broadly anticipated to be extra pleasant to the crypto world. Trump and his spouse, Melania Trump, have even launched their very own meme cash.

Dalio stepped down as CEO of Bridgewater Associates in 2017 and handed over management of the agency in October 2022. His present position with the agency contains mentoring the committee that has oversight over the corporate’s funding methods.

The funding veteran, with an estimated web price of $14 billion, isn’t any stranger to creating against-the-grain market and financial calls. Some have panned out; others have not but — if in any respect.

In an April 2022 interview, Dalio warned me a couple of interval of stagflation — or sluggish progress and excessive inflation. That did not precisely pan out from a progress standpoint because the world recovered from the COVID-19 pandemic. Nonetheless, world economies proceed to grapple with elevated ranges of inflation which might be crimping shopper buying energy.

Extra not too long ago, Dalio has been calling consideration to the nation’s burdensome deficit, which hit a staggering $1.8 trillion in fiscal yr 2024. He shares extra of his debt issues in a brand new on-line guide referred to as “How Nations Go Broke.”

Another bitcoin bubble will happen: Nouriel 'Dr. Doom' Roubini

Worst-case eventualities on the US debt (equivalent to a serious inflation outbreak) have not occurred. However the markets should not ignoring the problem, with the Trump administration possible including to debt ranges by extending his signature tax cuts.

Dalio thinks the 10-year Treasury yield now hovering close to 5% is simply the beginning of its ascent, which may weigh on shares and assist a higher rotation into areas like crypto.

Source link

alternative money society time
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Taiwan Semiconductor Manufacturing Company Limited (TSM) Slid due to Broader Market Correction

May 30, 2025

BMO’s Q2 earnings show no improvement in credit conditions for trucking

May 30, 2025

Factors that Powered HCI Group’s (HCI) Performance in Q1

May 30, 2025

Why Harmony Gold Mining Company Limited (HMY) Went Down On Tuesday

May 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

See Meghan Trainor’s Sexiest Photos After Weight-Loss Transformation

May 30, 2025

As Indians look to travel more in 2025, overseas holidays likely to pick up further | Business News

May 30, 2025

Google Confirms Instagram Battery Drain Issue and Fix

May 30, 2025

Taiwan Semiconductor Manufacturing Company Limited (TSM) Slid due to Broader Market Correction

May 30, 2025
Popular Post

Biden’s Homeland Security Boss Caught Gorging on Sushi From Swanky Nobu

Why you should not consume green tea immediately after meals

Amit Shah to visit Puttur in Karnataka on Feb 11 | Bengaluru

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.