Based on current interviews, billionaire investor Ray Dalio has sharpened his warning about Bitcoin’s match for official reserves whereas nonetheless recognizing its scarce nature.
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He stated that Bitcoin carries money-like qualities due to its restricted provide, however he drew a agency line over who ought to maintain it on a steadiness sheet.
Dalio stated public transaction data and the danger of outdoor interference make it laborious for reserve managers to deal with Bitcoin the identical method they deal with gold.
Dalio Flags Traceability Considerations
Dalio warned that the open ledger that underpins Bitcoin creates vulnerabilities for giant custodians. He argued that public transactions will be traced and, in some eventualities, interrupted, which raises issues for establishments charged with defending nationwide wealth.
NEW: RAY DALIO SAYS THAT BITCOIN IS “UNLIKELY TO BE HELD SIGNIFICANTLY BY CENTRAL BANKS” – TRANSACTIONS ARE TOO TRANSPARENT, THE GOVERNMENT CAN INTERFERE WITH THEM
— DEGEN NEWS (@DegenerateNews) December 20, 2025
He contrasted this with gold, which he stated is tougher for authorities to regulate as soon as it’s taken out of the formal monetary system.
He additionally raised safety worries, together with the likelihood that Bitcoin might be cracked, damaged, or managed in ways in which would alter its long-term usefulness as a retailer of worth.
Stablecoins Seen As Transactional Instruments
Primarily based on studies, Dalio additionally gave a low ranking to stablecoins as long-term holdings. He identified that stablecoins are tied to fiat currencies and usually don’t pay curiosity, so that they work nicely for fast transfers however not as wealth preservation.
He stated he retains some publicity to Bitcoin personally — “somewhat bit” — however locations gold forward of it when the aim is an asset shielded from state actions.
Final 12 months, Dalio urged buyers to favor scarce belongings like gold and Bitcoin over debt devices as many massive economies wrestle with rising debt.
Institutional Demand And Market Alerts
Crypto markets are shifting nearer to mainstream finance with spot Bitcoin ETFs and improved custody providers, and market construction is shifting.
BTC will hit $250k by year-end 2027. 2026 is just too chaotic to foretell, although Bitcoin making new all-time highs in 2026 continues to be doable. Choices markets are presently pricing about equal odds of $70k or $130k for month-end June 2026, and equal odds of $50k or $250k by year-end…
— Alex Thorn (@intangiblecoins) December 21, 2025
Based on Galaxy Analysis, overlapping macro and market dangers make Bitcoin unusually laborious to forecast in 2026. Galaxy’s workforce says choices pricing and volatility traits present Bitcoin appearing extra like a macro asset than a pure high-growth gamble.
The identical analysis group nonetheless saved a long-term bullish stance, projecting that Bitcoin may attain $250,000 by the top of 2027.
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Macro Alerts And Worth Outlook
That blend of views highlights a separation between coverage suitability and worth potential. Dalio’s focus is on whether or not sovereigns will settle for the asset on a reserve ledger; Galaxy’s evaluation seems to be at how markets could worth Bitcoin below evolving macro forces.
Featured picture from Unsplash, chart from TradingView
