Ray Dalio Praises Bitcoin as a New Form of Hard Money

Cryptocurrency continues to gain ground in the global financial landscape.

Hedge fund manager Ray Dalio has praised Bitcoin as the cryptocurrency continues to gain traction in the global financial sphere.

The founder of Bridgewater Associates says that Bitcoin’s properties make it “hard money,” which is a category that also includes silver and gold.

Some traders are expressing skepticism over Bitcoin despite the interest in it. They believe that technical market analysis indicates a potential decline for the world’s leading cryptocurrency.

Bitcoin: A New Form of Hard Money

In the context of money, Dalio says that Bitcoin is different because it has only 21 million coins in the market. For a long time, he has maintained that for an asset to fall into the category of hard money, it must not have an easily managed quantity.

Bitcoin, with its strictly capped supply, fits this definition. BTC can now be used as a store of value and is experiencing wider use, which could make it a more standard way to exchange money.

Bitcoin’s success is commonly viewed as a test of the existing financial institutions. Many now view Bitcoin as a useful tool for storing wealth. Unlike traditional currencies, it is less affected by inflation driven by government policies.

For this reason, Dalio places Bitcoin in the same category as gold. It has always been believed to hold value over time.

Apple Should Buy Bitcoin

Meanwhile, Apple Inc. has faced criticism in the corporate world for its $110 Billion stock buyback program, which began last year. Despite the effort to boost its stock price by reducing outstanding shares, Apple’s stock has suffered a 17% decline year-to-date.

The decline in Apple’s stock has drawn criticism from prominent figures like TV personality Jim Cramer, who suggested that the company abandon the buyback initiative or rethink its approach.

However, Michael Saylor, the chairman of MicroStrategy, had a different suggestion: Apple should buy Bitcoin instead of repurchasing its shares. He shared this opinion on social media, responding to concerns about Apple’s stock buyback strategy.

People were increasingly adopting BTC to safeguard their savings. They saw it as a way to protect their money from inflation.

Some investors now see Bitcoin as a more reliable long-term strategy than stock buybacks, offering better protection against future market uncertainties.

Bitcoin Price Could Fall in the Future

Brandt also notes that Ethereum’s current price movements resemble Bitcoin’s in 2022. This similarity raises concerns about potential market declines.

Analyst Peter Brandt is warning that a significant drop in BTC prices could be on the horizon. He points to a Double Top chart pattern as a sign of a bearish reversal.

Bitcoin reached a peak of around $108,000 in December 2024 and January 2025 before falling below the $100,000 mark. The chart analysis created by Brandt indicates that Bitcoin could undergo a significant drop soon.

He highlighted the price rise that began last April and continued through May, during which time Bitcoin hit a new peak of $112,000. However, the development of another peak on this price point leads him to believe in the possibility of a price reversal.

Peter Brandt notes that the 9-period Exponential Moving Average has dropped below the 21-period EMA. This crossover is often linked to continued negative trends in the market. With these signs, Brandt believes that Bitcoin’s price could decrease by 75%, reaching approximately $27,298.

In this article, the views and opinions stated by the author or any people named are for informational purposes only. And they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.