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Bitcoin.com
Bitcoin.com
Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgewater Associates – Bitcoin News
over 1 year ago
Sweety-342149150
Sweety-342149150
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$BTC $XRP $SOL 💥💥🔥🔥🚀🚀US stock futures are little changed as I type this morning, following a three-day slide in the S&P 500 that’s been its longest in more than a month. Oil is stabilizing near a five-month low and Bitcoin is trading just below $44,000 -- a level not seen since June last year. Treasury yields are a little higher as traders navigate between a higher-for-longer narrative on the one hand and betting on a rate-cut bonanza from central banks next year on the other. The reality check today is coming from Japan, where yields are surging as hints from the country’s central bank leadership fuel speculation that the end of negative interest rates might be closer. Here’s a great piece on how traders are betting big again on Fed rate cuts after so many false dawns. Oh and corporate bonds globally are on track to outpace comparable government debt by the most in four years.Crypto comebackBitcoin has surged more than 165% this year, driving gains in crypto stocks highly linked to the price of the digital asset. That’s made betting against such stocks — like Coinbase, MicroStrategy and Marathon Digital — a losing bet for short sellers, who are now running paper losses of $6 billion so far this year, according to one estimate. The total market value of cryptocurrencies has jumped some 12% — or $180 billion — in the past seven days alone. But one coin that’s missed out: Binance’s BNB token. It’s a sign of the challenging outlook for the largest crypto exchange after it pleaded guilty to US charges and was hit with a $4.3 billion penalty. Meanwhile, Robinhood is launching commission-free crypto trading in the European Union today and long-time skpetic Jamie Dimon said he would shut down the whole crypto industry if he was in government rather than at the helm of JPMorgan.To the moonElon Musk's SpaceX could be valued at $175 billion or more. That’s according to a tender offer that could see shares offered at about $95 apiece, people familiar with the matter told my colleagues Gillian Tan, Katie Roof, and Edward Ludlow. It would be a step up from the $150 billion valuation that SpaceX, the most valuable US startup right now, commanded in a tender offer just this summer. As well as its commercial space launch services, SpaceX also operates the internet-from-space Starlink business, which has been in high demand by governments in Israel and Ukraine to back up their wartime communications. SpaceX revenues are on track to hit $9 billion this year across the rocket launch and Starlink services.Green profitsGreen investing isn’t having a good year. The S&P Global Clean Energy Index is down almost 30% this year, compared with an almost 20% gain in the S&P 500. It’s against this backdrop that Ray Dalio, the founder of Bridgewater Associates, reminded delegates at the COP28 climate summit in Dubai that getting private capital excited about funding climate projects has to be a two-way street: the returns need to make sense too. Representatives from banks including JPMorgan and Bank of America also made a similar point, while Shriti Vadera — chair of Prudential — said no one should expect private capital to fill a political or policy void without the right incentives.And finally, here's what Joe’s interested in this morningWhile we wait for Friday's jobs report, here's something to keep your eye on: gasoline keeps getting cheaper.This is a chart of RBOB (wholesale gasoline) futures going back daily for the last 10 years. They've taken another leg down over the last several days and are basically right where they were in 2018 and much of 2019There's been so much talk over the last 2-3 years about how we were in a new oil supercycle, or how the Biden administration was impairing oil production, or how companies were reluctant to invest in new oil production because investors were prizing profitability over volume. All of these narratives. And some of them may have some degree of truth to them.But at least for the moment, it's still looking as though gasoline or oil has this crazy pandemic whipsaw (like many other things) and is basically returning to the old normal.And further to this point, there continues to be a lot of discussion about why consumer sentiment indicators are so dismal. And while that debate is interesting, one thing that seems possible is that between falling gasoline and falling rates, sentiment starts to improve. While it's not one of the major indicators that people watch, a measure of economic sentiment from Penta-CivicScience just gained for the second straight reading, hitting its highest level since early August. And for the first time since June, all five of the subcategories gained as well.So while it's always fun to have theoretical conversations, something to watch for is whether sentiment just starts to improve. #BinanceTournament #BTT #HNT #ORDI

3 months ago
Zeus_Hamad
Zeus_Hamad
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🚨 Breaking News 🚨 Ray Dalio founder of hedge fund Bridgewater Associates warns about a US debt crisis. The unsustainable fiscal policy of the US mounted up a record breaking 33 Trillion in Debt! I have been talking about this debt trap US is in. The more debt they have they less likely they have interest rates higher for longer. Because the cost of having cash would be too high. They will have to QE and lower rates sooner. He say that he would rather hold Gold or #Bitcoin  instead of bonds. He also admit to holding small amount of #bitcoin , but prefers gold. The same reason I talked about last year. The older you are the less risk you should take. This is why I wouldnt advice older people to hold risky assets. The younger you are the more time and risk you can bare. This is basic portfolio management #dyor #crypto2023

5 months ago
TopCryptoNews
TopCryptoNews
followers

Ray Dalio, the founder of Bridgewater Associates, recently took to LinkedIn to discuss the unexpected strength of the economy, even as the Federal Reserve tightens its monetary policy. The 74-year-old American, whose net worth is estimated to be around $19.1 billion (as of 9 September 2023), created the asset management firm Bridgewater Associates from his New York City apartment just two years after receiving his MBA from Harvard Business School. According to Dalio, this anomaly can be traced back to a government-led redistribution of wealth that has rendered the private sector largely impervious to the Fed’s actions. Dalio attributes the current economic strength to a significant shift in wealth from the public sector and bondholders to the private sector. This move, he says, has insulated households and businesses from the Federal Reserve’s rapid policy changes. As a result, the private sector’s balance sheets are in good shape, while the government’s financial standing has deteriorated. Dalio points out that central governments globally are facing worsening balance sheets due to large deficits and losses on government bonds. Dalio traces the origins of this shift to 2020 and 2021, a period characterized by enormous budget deficits and massive central bank bond purchases. He recalls a time “when cash was trash,” explaining that banks, encouraged by central banks, bought government bonds, thereby supporting the government’s fiscal policies. In 2022, the economic landscape began to change. With inflation rising and unemployment rates dropping, governments and central banks started to roll back their ultra-accommodative fiscal and monetary policies. Despite these changes, Dalio notes that the private sector continued to thrive, thanks to earlier government interventions that had boosted net worth and income levels. Dalio emphasizes that the deteriorating financial health of central governments and banks is a concern. These entities have debt obligations and will likely resort to taxation and money printing to meet them. While this may not pose immediate problems, Dalio suggests that it could become a significant issue in the long term. Dalio also refers to his 2018 book, “Principles for Navigating Big Debt Crises,” where he discusses similar historical scenarios. He labels the current approach “Monetary Policy 3,” a stage in the long-term debt cycle that follows two other types of monetary policies aimed at stimulating the economy. Looking ahead, Dalio anticipates a period of slow growth and high inflation, although he acknowledges a range of uncertainties that could influence this outlook. He warns of a self-reinforcing debt spiral that could impose market-driven debt limits, forcing central banks to print more money and buy more debt. Dalio concludes by mentioning other significant forces that will interact with the financial landscape, such as domestic and international conflicts, climate change costs, and disruptive technologies. He refrains from going into detail on these topics but indicates that they will substantially impact the economy and markets in the coming years.

6 months ago

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