Ray Dalio, a billionaire investor and the founder of the world’s largest hedge fund Bridgewater Associates, has said that the digital yuan will be more competitive than the digital dollar.
In an interview with CNBC on Monday, Dalio said he thinks the U.S. will issue a digital dollar one day, and “it will certainly be viable.” But it won’t be the most competitive one, with its value possibly hit by growing U.S. debt levels, he added.
The digital yuan, on the other hand, will be more competitive in…
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