Bitcoin May Stay Outside Central Bank Vaults, Billionaire Says
According to recent interviews, billionaire investor Ray Dalio has sharpened his caution about Bitcoin’s fit for official reserves while still recognizing its scarce nature.
Last year, Dalio urged investors to favor scarce assets like gold and Bitcoin over debt instruments as many big economies wrestle with rising debt.
Institutional Demand And Market Signals
Crypto markets are moving closer to mainstream finance with spot Bitcoin ETFs and improved custody services, and market structure is shifting.
BTC will hit $250k by year-end 2027. 2026 is too chaotic to predict, though Bitcoin making new all-time highs in 2026 is still possible. Options markets are currently 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
According to Galaxy Research, overlapping macro and market risks make Bitcoin unusually hard to forecast in 2026. Galaxy’s team says options pricing and volatility trends show Bitcoin acting more like a macro asset than a pure high-growth gamble.
The same research group nonetheless kept a long-term bullish stance, projecting that Bitcoin could reach $250,000 by the end of 2027.
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Macro Signals And Price Outlook
That mix of views highlights a separation between policy suitability and price potential. Dalio’s focus is on whether sovereigns will accept the asset on a reserve ledger; Galaxy’s analysis looks at how markets may price Bitcoin under evolving macro forces.
Featured image from Unsplash, chart from TradingView
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