Gold vs. Bitcoin
Ray discusses the enduring value of gold as a universally recognized form of money, contrasting it with the volatile nature of Bitcoin. He expresses skepticism about Bitcoin reaching valuations comparable to gold, suggesting that its market cap may only represent about 20% of gold's value. While acknowledging the potential for growth in the overall pool of money, he emphasizes the limitations of Bitcoin's price relative to traditional assets like gold.In this clip
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Lex Fridman Podcast
Ray Dalio: Money, Power, and the Collapse of Empires | Lex Fridman Podcast #251
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