Ray Dalio launches a crypto fund, and it is further endorsement of cryptocurrencies being an integral part of modern finance, particularly during the current battle for world hegemony.
Both the East and the West have polar opposite ideologies; the former autocratic system of ruling and the latter liberal democracies see eye to eye on a few things, other than not banning cryptocurrencies.
“Ray Dalio launches a crypto fund, and it is further endorsement of cryptocurrencies being an integral part of modern finance”
WEALTH TRAINING COMPANY
PoW is a decentralized consensus mechanism for network members to expend effort solving arbitrary mathematical puzzles, known as encryption. The Bitcoin network runs on a PoW decentralized blockchain.
As we have noted previously, the advantage of a PoW consensus mechanism is that it makes it more challenging for bad actors to hack the network and compromise the integrity of the blockchain. Moreover, we believe that low-volume, high-value smart contracts will be conducted using the most secure blockchain network, which is PoW.
In short, the EU did not ban PoW blockchain technology because the world’s largest trading bloc intends to be part of the next evolution of the internet, web 3.0.
The US is the most crypto-neutral. “We need a comprehensive, all-of-government framework to address the emerging risks and opportunities that digital assets pose,” Brian Deese, director of Biden’s National Economic Council.
“We need a comprehensive, all-of-government framework to address the emerging risks and opportunities that digital assets pose”
In the East, Russia has retreated from its crypto ban and favors a regulatory framework. India has also stepped back from banning crypto-assets.
China has banned cryptocurrencies, but Non-Fungible Tokens NFTs “have no legal issues in China provided they are not connected with Bitcoin,” according to South China Morning.
China is using a Blockchain Services Network BSN, which is a Chinese state-backed blockchain company. BSN will also allow users to buy NFTs using only Chinese yuan instead of the cryptocurrencies commonly used to trade NFTs outside China.
“Ray Dalio’s Bridgewater crypto fund is expected to launch by mid-2022” – Wealth Training Company
As the ideological and military battle for the new world order unfolds, Ray Dalio launches a crypto fund
Perhaps cryptocurrencies have become cyberspace’s new digital neutral Switzerland as the ideological and military battle for the new world order unfolds.
Ray Dalio’s Bridgewater crypto fund is expected to launch by mid-2022.
Ray Dalio’s thinking on cryptocurrencies has evolved over the years.
Nearly one year Ray Dalio revealed that he had purchased “some bitcoin” but he warned that governments could kill it if it were too successful and he prefers Ethereum.
Now Ray Dalio’s Bridgewater, the world’s largest hedge fund, is finally preparing to back its own crypto fund. Goldman has also announced OTC crypto trading.
Ray Dalio launches a crypto fund at a time when investors could look for a dollar hedge
Saudi Arabia’s decision to consider accepting the Chinese yuan as payment for oil and Russia’s demand payments in Ruble for gas and probably soon Ukrainian grain could be the beginning of de dollarization, particularly in Europe.