Ray Dalio Criticizes Stablecoins but Confirms Long-Term Bitcoin Holding
In an interview with Caixin, the Bridgewater founder said stablecoins are not suitable for storing wealth, yet revealed he has owned Bitcoin for years.
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Terms & Concepts
Stablecoin: A cryptocurrency designed to maintain a stable value by pegging to a reserve asset such as the US dollar.
Bitcoin: The first and most widely recognized cryptocurrency, created in 2009, operating on a decentralized blockchain.