Ray Dalio Claims Bitcoin is Now Recognized as a Global Currency

Billionaire Ray Dalio stated that Bitcoin (BTC) is now being widely accepted as a global currency. He believes that Bitcoin's advantage lies in its limited supply, which cannot be easily increased.
"Bitcoin is now emerging as a widely accepted currency around the world, as it has a limited supply," wrote Dalio in a post on X titled How Countries Go Broke last January.
According to Dalio, the most effective currency is one that can be used for transactions while also serving as a stable store of wealth. He likens Bitcoin to pure gold and silver as a type of "hard money" due to its resistance to inflation and supply disruptions.
He added that the biggest risk of a currency is if its value can be printed or increased arbitrarily. In this case, Bitcoin is considered superior because it has a total supply of only 21 million coins, which makes it scarce and increasingly valuable amid global economic uncertainty.
Previously in 2022, Dalio also suggested allocating around 2% of the investment portfolio to Bitcoin, in addition to gold, as a way to protect wealth from inflation.
This view further strengthens Bitcoin's position as a legitimate alternative to monetary policies that are considered unstable.