Oops! Ray Dalio missed the biggest of all paradigm shifts: Crypto

Ray Dalio, gold and bitcoin — courtesy flipboard.com

Dalio´s view of the current economic cycle and the coming paradigm shift

paradigm shift dalio gold bitcoin

Growth was slow, and inflation remained low. Equities rallied consistently, driven by continued falling discount rates (e.g., from central bank stimulus), high profit margins (in part from automation keeping wage growth down), and, more recently, from tax cuts.

So given this scenario Dalio asks: which investments will perform well in a reflationary environment accompanied by large liabilities coming due and with significant internal conflict between capitalists and socialists, as well as external conflicts. It is also a good time to ask what will be the next-best currency or storehold of wealth to have when most reserve currency central bankers want to devalue their currencies in a fiat currency system.

What Dalio misses

Crypto assets are still very little understood

Complexities

The next true radical paradigm shift: Crypto

Most people ignore Bitcoin´s induced radical paradigm shift

Decentralized Finance

Courtesy of Multicoin Capital

Web3 networks

Digital Gold

gold vs digital gold bitcoin
Table 1 comparison Gold-Bitcoin — Click below for the hyperlinks since they are disabled on the tables: See here Gold Lease Rate explainedeven gives a yield on gold paid in goldalso bitcoin generates interest rate when borrowed
Table 2 comparison Gold-Bitcoin — Click below for the hyperlinks since they are disabled on the tables: GoldmoneyThe Bitcoin network’s total hash rate reached a peak of 79 tera hashes per second (TH/s) on July 20, 2019
Table 3 comparison Gold-Bitcoin — Click below for the hyperlinks since they are disabled on the tables: has already proposed solutions hereThe annual mine productionthe above ground cumulated stock is estimated at approx 176.000In this sense its scarcity can be questioned

Conclusions

bitcoin and gold should have a place in any rational investment portfolio

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