They suggest Wall Street giants choose between bitcoin, gold and coins to save in bad times and this is what they choose

Posted:

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 Saudi capital.

Managers of major banks and investment funds were questioned about what kind of assets they would 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 SchwarzmanCo-founder of the Blackstone Investment Group said he simply wants to own profitable assets and it doesn’t matter if they’re in dollars or if they’re 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 SolomonGoldman 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.