Bitcoin just breezed past $120,000, sending traders into caffeinated frenzies and reviving dusty debates about its place in the global financial circus.
Enter Ray Dalio, the billionaire hedge fund guru who calls Bitcoin alternative money, his words, tossing it into the same ring as gold and oil.
That’s right, Bitcoin’s scarcity and knack for storing value have nudged it closer to precious metal stardom.
Reserve asset
Dalio gushes about Bitcoin’s fixed cap of 21 million coins, making it a stubborn rebel against the inflation chaos plaguing fiat currencies.
Yet, he’s not waving the “Bitcoin for all” flag just yet. Governments and central banks might treat it like an unruly teenager, blocking its path to becoming a reserve asset with red tape and transparency requirements that squeeze freedom from the beast.
He’s in good company. Robert Kiyosaki, the eternal gold and silver cheerleader, also stacks Bitcoin alongside them as a must-have hedge against financial earthquakes.
Their pitch? Bond markets are gasping for air, U.S. treasuries are falling out of favor, and savvy investors are sprinting toward assets that can’t just be printed into oblivion.
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Fresh cash
Fair to say, the market’s less philosophical and more hungry for dollars. CryptoQuant revealed $3.7 billion in realized gains raked in a single day, one of 2025’s biggest sell-offs.
But shake off the thought of panic-selling speculators, these are long-term holders cashing out chunks, not short-term flippers abandoning ship. So, the bulls still have some kick left in their boots.
Futures markets are pumping enthusiasm, too. Open interest in Bitcoin contracts hit a record-shredding $88 billion, while spot ETFs keep welcoming fresh cash faster than a bar on payday.
Institutions seem to be sending a clear message, they’re comfortable parking serious bets on Bitcoin’s lasting role.
The market is growing up
Even banks are dreaming big. Citi’s crystal ball foresees Bitcoin peaking at $231,000 in the next year, while JPMorgan pegs a $165,000 target if Bitcoin keeps playing leapfrog with gold in risk-adjusted returns.
The token’s once wild volatility has calmed down, like a rollercoaster that doesn’t throw you out halfway, signaling a market in its awkward teenage phase, growing up fast.
So here we are, whales scooping up coins, profit-taking ramping up, and Wall Street scribbling six-figure price tags.
Ray Dalio’s question isn’t “Is Bitcoin real money?” anymore. It’s “Can Bitcoin hold its ground beside gold and oil?” Looks like the story is just getting spicy.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: October 4, 2025 • 🕓 Last updated: October 4, 2025
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