They suggest Wall Street giants choose between bitcoin, gold and coins to save in bad times and this is what they choose
October 27, 2021 13:45 GMT
The poll, which included Ray Dalio, Anna Putin and David Solomon, among others, was conducted during an investor forum in the capital of Saudi Arabia.
Managers of major banks and investment funds have been questioned about what kind of assets they prefer to save in tough times.
In the context of the fifth edition of the forum Future Investment Initiative, which takes place this week in the capital of Saudi Arabia, Riyadh, many participants in the ‘Davos in the Desert’ had to choose between dollars, euros, gold and bitcoin as a way to pay the profits they would put under a mattress.
Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, replied: “I will choose euro Who do I want? Add some bitcoins“.
“gold is dead originBut the volume of printed money and the depreciation of debt are also a strong force. So I want this technology and a little bit of bitcoin and other industries as well.”
Gold was a choice Patrice Motsepe, founder of mining company African Rainbow Minerals, who stated that his company has 50,000 people working in its mines.
Stephen SchwarzmanHe, the co-founder of Blackstone Investment Group, said he simply wants to own profitable assets and it doesn’t matter if it’s in dollars or if it’s convertible “as long as you have more and more and you’re not a professional victim.”
Anna PutinThe head of the Spanish Bank of Santander, chose the dollar and the euro in equal halves, while Larry Fink, CEO of BlackRock Chief Investment Officer, and David Solomon, of Goldman Sachs, chose the dollar.
“I’ll take bitcoin with gold as a cover,” he joked for his part. Khaldoon al MubarakDirector of Mubadala Investment Company.