Ricardo Salinas Predicts Bitcoin Surpassing Gold’s Market Value

Ricardo Salinas Pliego, Mexico’s third-richest person and major Bitcoin advocate, predicts that Bitcoin will outpace gold’s market value sooner rather than later.

“Fiat money is collapsing and Bitcoin is the only path to monetary freedom.” – Ricardo Salinas Pliego, Chairman, Grupo Salinas

Salinas forecasts that Bitcoin will reach a market capitalization similar to gold , approximately $22 trillion. He emphasizes Bitcoin’s role as a hedge against fiat collapse. He aligns with other crypto advocates like Michael Saylor , reinforcing the stance on Bitcoin’s potential. Salinas has been increasing his Bitcoin holdings, citing current prices as advantageous.

Bitcoin currently trades above $104,700, demonstrating robust market support. Salinas’s prediction could spur significant shifts in market strategy. Bitcoin’s 2023 +156% performance and 2024 +121% growth contrast gold’s +14% and +26.6% returns, respectively.

Salinas’s assertion implies a future where Bitcoin competes directly with traditional reserve assets. This could transform institutional investment patterns and provoke regulatory responses.

His bold projection continues to stimulate industry debate. Historical trends suggest increased institutional interest in Bitcoin as a viable reserve alternative, echoing sentiments from industry leaders. An eightfold increase to match gold’s market capitalization would see Bitcoin valued at $1.1 million per coin.