A community member pointed out that Bitcoin's inherent features, such as censorship resistance, neutrality, openness, limited supply and freedom from control, make it the answer Ray Dalio is looking for.
) nor stablecoins are the answer. In response, crypto community members took to Twitter to express their opinion on the topic.
In a recent interview on CNBC's Squawk, Dalio shared his takes on Bitcoin being a potential solution to the problems with fiat currency. The billionaireas a store holder of wealth and a medium of exchange. Dalio also highlighted that stablecoins are also a replica of state-backed currencies and would also not be an effective form of money.
Bitcoiners were quick to respond to the interview, commenting that what Dalio has described as what money should be is already in Bitcoin. A community member tweeted:various inherent features of Bitcoin and pointed out that it's the solution Dalio is looking for. According to the community member, Bitcoin's censorship resistance, neutrality, openness, limited supply and freedom from control make it the answer to the monetary problem that Dalio described.
Meanwhile, another Bitcoin community member said that they were"orange pilled" by Dalio from his insights on the history of money. The Twitter user believes that the interview shows that the billionaire is close to"truly understanding Bitcoin."
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