In recent Dealbook interview, Dalio proffered on Bitcoin
that "I think there's a lot of merit
behind it," suggests an optimistic outlook for the digital currency.
The gist
of the interview is on how the economic machine works, that Dalio sought to
defunct the quantity theory of money MV = PT. He opined that V, velocity of
money in the equation is not aptly applied as you can create credit out of thin
air ie spending can be paid by money or credit.
**Update** Here are the reasons why Bitcoin may be here to stay:
**Update** Here are the reasons why Bitcoin may be here to stay:
Read more here: Articles by Hedgie
