American billionaire Ray Dalio, led by Bridgewater Associates, believes that the coronavirus pandemic will lead to a new world order.
In a recent statement to Bloomberg, Dalio made a surprising guess that the global economy will lose $ 20 trillion due to the pandemic. For this reason, the world will move to an order we are not used to.
That will be a defining moment because we will then see if we can do it with mutual consideration and sacrifice—or if we can’t and will fight instead. If we can do it together smartly with consideration, it will be great. (2/3)
— Ray Dalio (@RayDalio) April 15, 2020
Dalio, a warning for dollar investors, stated that money has no intrinsic value. The famous billionaire, who currently holds his assets in gold and some stocks, believes that the assets he invests will increase due to inflation.
A harsh Bitcoin (BTC) critic, however, Dalio believes that the leading crypto asset is a speculative asset that can never replace money.