BTC Price Prediction as Ray Dalio Believes Bitcoin Still Isn’t a Safe-Haven Asset

Bitcoin (BTC) was trading at $80,614 at the time of writing. Concerns that CPI data that will be released later today, May 12, will show high inflation are not making it lose footing at the support of $80,000. But billionaire Ray Dalio is not convinced that Bitcoin is a good safe haven, and he says gold is better. With all eyes on what US inflation for April 2026 is going to be, can BTC price prove Dalio wrong and move to $86,000 this week even if inflation is high?

Ray Dalio Says Bitcoin Is Not a Safe Haven Asset

Ray Dalio has said Bitcoin does not serve a purpose just a few weeks after he said BTC should not be compared to gold. In an X post, the Bitcoin critic said that BTC cannot be used as a safe haven because it does not have privacy, and it moves in the same direction as tech stocks do.

Dalio goes on to say that an investor will sell Bitcoin first to cover a gap in their portfolio. He also has a problem with how small Bitcoin is with its $1.6 trillion market cap that does not come close to gold’s $33 trillion.

Dalio has been against Bitcoin for years, and he is an avid supporter of gold like other BTC critics such as Peter Schiff.

US CPI is coming out today, May 12, and it is expected to be at 3.7%. In March 2026, CPI was at 3.3%. Bitcoin was not shaken by this because from April 10 to May 12, BTC price went from $71,000 to $80,000. But can it repeat this?

BTC Price Eyes $86,000 If Resistance Breaks

Bitcoin has been on an “up only” streak since March 29, and this has led to a rising channel. But sticking to this channel does not mean a run to $100,000 is guaranteed because as soon as bears see some weakness, they will tighten their grip and BTC price will go below the support at $76,000.

But zooming in, bulls are attempting to cross the resistance at the 200-day EMA of $82,000. They tried this on May 10 but were not successful. It needs a good catalyst, like Trump establishing a BTC reserve to cross $82,000.

Crossing $82,000 will confirm that the long-term Bitcoin price prediction is bullish.

The RSI has a reading of 60, and this confirms that indeed bulls are steering where Bitcoin is headed. But the reading is not going up, but down, and this happens when some are selling.

At $80,000 BTC price is in a very fragile place. There are those holding here with the hope that the psychological support is going to hold. But some might tire and begin selling. If CPI today causes people to buy, getting to $86,000 might happen before May ends.