Bitcoin: Better Than Bonds

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In this video, I discuss Ray Dalio's recent comments on Bitcoin and bonds. Dalio follows a string of Wall Street veterans endorsing Bitcoin, including Paul Tudor Jones and Bill Miller.

It was probably inevitable that someone with Dalio's understanding of the long-term debt cycle and the Fed's monetization of government deficit spending would eventually come around to Bitcoin.

Dalio says that he now owns Bitcoin, and that he prefers it over bonds.

If pensions, endowments, and other institutional investors move even a small amount of their fixed income holdings into Bitcoin, the effect on Bitcoin's price will be extraordinary, due to its inelastic supply schedule.

Not investment advice! Consult a financial advisor.

Ray Dalio prefers Bitcoin to bonds:
https://www.bloomberg.com/news/articles/2021-05-24/bridgewater-s-ray-dalio-says-he-prefers-bitcoin-to-bonds

Ray Dalio video clip:
https://twitter.com/100trillionUSD/status/1396861376014979072

Ray Dalio used to think that Bitcoin was a bubble:
https://www.cnbc.com/2017/09/19/ray-dalio-says-bitcoin-is-bubble.html

Ray Dalio bio:
https://www.bridgewater.com/people/ray-dalio

Ray Dalio essay on Bitcoin:
https://www.bridgewater.com/research-and-insights/our-thoughts-on-bitcoin

Dalio on "cash is trash":
https://markets.businessinsider.com/news/stocks/i-still-think-cash-trash-ray-dalio-dismissed-dollars-reddit-2020-4-1029079224

CPI inflation running hot:
https://www.cnbc.com/2021/05/12/consumer-price-index-april-2021.html
https://fred.stlouisfed.org/series/CPIAUCSL#0
https://www.thestreet.com/etffocus/market-intelligence/fed-time-to-let-inflation-run-hot

High money supply growth:
https://fred.stlouisfed.org/series/M2SL#0

Traditional 2% Fed inflation target:
https://www.stlouisfed.org/open-vault/2019/january/fed-inflation-target-2-percent

Daily Treasury rates:
https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield

Even junk bonds yields are low:
https://fred.stlouisfed.org/series/BAMLH0A0HYM2EY

$18 trillion in negative yielding debt:
https://www.bloomberg.com/news/articles/2020-12-11/world-s-negative-yield-debt-pile-at-18-trillion-for-first-time

CALPERS public markets holdings:
https://www.calpers.ca.gov/page/forms-publications/calpers-for-ca-report/public-markets

Inflation, Government Lies, and the Stock Market:
https://www.youtube.com/watch?v=XMKx32KaEBo&ab_channel=TraderUniversity

Government Inflation Propaganda (and How to Protect Yourself):
https://www.youtube.com/watch?v=BV-0cFiP2yA&ab_channel=TraderUniversity

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Bonds
#RayDalio

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