Cryptocurrencies in strong recovery today. Bitcoin marks + 12% to 37,615 dollars after yesterday having reached a minimum in the 31 thousand area. The other cryptocurrencies do better: Ethereum + 27% to $ 2,450, XRP + 19%, Cardano + 24.5% and Stellar + 32%.
Ray Dalio, founder of Bridgewater Associates, the largest hedge fund in the world, in an interview with CoinDesk said that we are moving towards an inflationary future in which “cash is junk” and would prefer “to have bitcoin rather than bonds”. Once skeptical of cryptocurrencies, Dalio now admits that he owns “some” bitcoins in his wallet. In general, Dalio remarked that the dollar is losing its function acquired in the early 1970s, while the Chinese renminbi is gaining positions.