“Cash money does not change like other assets. So cash is rubbish compared to other alternatives, such as those that will retain their value or increase their value, especially during reflation periods (for example, some gold and some stocks). ” Dalio also said that the crisis caused by the coronavirus caused the biggest ‘helicopter money stimulation’ (Helicopter monetary policy, the central banks directly funded government incentives and spending programs in a deflationary environment). Dalio Chose An Alternative To Money Dalio does not expect the US Dollar to perform well in the long term due to near zero interest rates and major incentive efforts. Dalio said: “I think a lot about the value of money and believe it has no intrinsic value.” Instead, Dalio thinks gold and some stocks are more important. Especially in the time of the golden coronavirus crisis began to rise. However, the billionaire investor has not yet warmed up to Bitcoin. Dalio said in Davos that the leading cryptocurrency did not fulfill any monetary purpose.
