Future of money is digital, governments shiver!

Many investors are sure, the future of money is digital. So cryptos, but what does that future look like if governments resist?

We’ve been talking about it since the beginning of barter. What does the future of money look like? And then we now live in interesting times, where digital currencies are becoming more and more popular. As these become more important, governments are looking at them with a slanted eye. Billionaire Ray Dalio discussed the future in an interview.

Future of money is digital

Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his views on cryptocurrency investment and the future of money. He did this during an interview with David Rubenstein. Dalio is full of money and has enormous influence. Especially in America. He believes crypto will be banned by several governments.

Dalio is currently the chairman of Bridgewater Associates and co-chief investment officer. His firm’s clients include endowments, governments, foundations, pensions and sovereign wealth funds. Several questions are asked during the interview. Including: “How do you foresee crypto will affect the world order?” Bridgewater’s chairman replied, “I find it interesting.” And revealed that he has “a small percentage” of his portfolio in crypto. This is because he does not go all-in on any investment.

Governments

He believes that governments will ban it. He previously said that the government has banned gold and silver in the past. Cryptos can be restricted in a similar way. He thinks there will be different kinds of money in the future.

“We are going to question money as a medium of exchange. But it’s also a storehouse of wealth,” the billionaire noted. “And we’re going to ask ourselves what the right storehouses of wealth are in value.” Digital currencies will undoubtedly play a major role in this.