💠Ray Dalio argues that Bitcoin is unlikely to evolve into a reserve asset for major governments due to its transparency and potential vulnerability to emerging technologies. According to him, no state will adopt a currency where all records are publicly visible, and the rise of quantum computing further amplifies concerns about long-term network security.
💠Dalio also warns that the global economy — particularly the U.S. — is moving toward conditions reminiscent of the speculative bubbles of 1929 and 2000. In such an environment, capital is more likely to flow into gold and other defensive assets rather than cryptocurrencies. With volatility rising, analysts caution that trying to time a bottom in Bitcoin is becoming increasingly risky.