Bitcoin's $120K-$140K Price Prediction: Ray Dalio & Igor Rastorguev Weigh In
Bitcoin's potential and impact have been discussed by prominent figures like Ray Dalio and Igor Rastorguev. Dalio, while owning some Bitcoin, questions its ultimate adoption by states. Rastorguev predicts the Bitcoin price to reach $120,000-$140,000 by 2025, driven by rate cuts and institutional inflows.
Dalio highlights Bitcoin's role as a store of wealth over a medium of exchange. He acknowledges its growing influence but doubts its privacy and government control aspects may hinder widespread adoption.
Analysts like Rastorguev argue that Bitcoin's impact extends beyond its valuation, fundamentally reshaping global capital allocation. In a Bitcoin-dominant era, companies must outperform it on a risk-adjusted basis to attract capital. As Bitcoin's understanding grows, only high-quality equities will draw capital.
Bitcoin's potential to absorb the world's capital is limited by network constraints. Its value proposition could lead to a market clean-up, with only exceptional performers earning capital. Despite doubts about its ultimate adoption, Bitcoin's influence on global capital is undeniable, as highlighted by billionaires like Ray Dalio and analysts like Igor Rastorguev.
