Overview

• Ray Dalio reiterated that he doubts any central bank will adopt Bitcoin as a reserve asset, pointing to public transaction visibility and the risk that the code could be constrained in the future.
• Dalio described cryptocurrencies as an alternative form of money and said he holds a small amount of Bitcoin personally while maintaining a stronger preference for gold.
• Cryptocurrency analyst Adam Livingston disputed Dalio’s concerns, arguing that public auditability is a strength and noting that Bitcoin’s SHA-256 cryptography has not been broken.
• Market data show deepening institutional engagement, with Bitcoin futures open interest hitting a record near $88 billion and spot ETFs continuing to draw fresh inflows.
• Recent reports highlighted profit-taking as CryptoQuant tracked over $3.7 billion in single-day realized gains, while major banks outlined scenarios with six-figure price targets, including $231,000 from Citigroup and $165,000 from JPMorgan.