Ray Dalio of Bridgewater: "Bitcoin is getting too much attention"; Zhao Changpeng: "It's worth learning from, not trying to convince him to believe in cryptocurrencies"

"Bitcoin has nothing to do with anything, the focus should not be on stablecoins," Bridgewater Associates founder Ray Dalio said on CNBC, stating that Bitcoin is too small to matter and people are paying too much attention to it.

"Bitcoin has nothing to do with anything, what should be pursued is not stablecoins," Ray Dalio, founder of Bridgewater Associates, stated on CNBC. He believes that Bitcoin is too small to have any significant impact and that people are overly fixated on it.

Changpeng Zhao (CZ), founder of the exchange Binance, retweeted Dalio's interview, stating that he is a follower of Dalio's principles. Under Dalio's guidance, he also wrote his own principles.

I had the great honor of meeting Ray Dalio a few times in the past year. I read all of his books before I met him. I even tried to write down my own principles. But it was just so hard to extract principles and write them down. I was stuck on page 1. Thread 1/5. https://t.co/lmNNjjTvax

— CZ 🔶 Binance (@cz_binance) February 3, 2023

In response to Dalio's skepticism about Bitcoin, Zhao stated that he is still busy learning from him and has not attempted to convince him to believe in cryptocurrencies. Dalio is a humble person, who understands money better than anyone else, but he often admits his lack of understanding of cryptocurrencies.

Zhao explained Dalio's thoughts:

"His skepticism about Bitcoin is mainly because its fluctuations are insignificant to anything and it is not a good hedge against inflation. He believes that a stablecoin that can hedge against inflation is the correct direction." Zhao did not argue against Dalio's skepticism.

Finally, Zhao introduced the decision-making tool recommended by Dalio, "Dot Collector," which he plans to integrate into Binance: