$BTC Founder of the Mexican conglomerate Grupo Salinas, Ricardo Salinas Pliego, made a bold prediction regarding Bitcoin, stating that sooner or later, Bitcoin will be considered a more valuable asset than gold.
In a recent interview focused on fiat money, Salinas suggested that Bitcoin's market capitalization could soon match that of gold, which currently amounts to about $22 trillion. According to the billionaire, Bitcoin has enormous growth potential, and from its current level of $105,000, it could grow at least eight times to match gold's figures. At that point, the price of Bitcoin would reach approximately $1.1 million per coin.
Salinas noted that in 2023, Bitcoin's growth was 156%, while in 2024 it was 121%. In contrast to the first cryptocurrency, gold showed modest growth: in 2023 it was 14%, and last year it was 26.59%. Bitcoin has a stronger price dynamic compared to the precious metal, Salinas emphasized. He believes that in the future, Bitcoin will become a new reserve asset that can replace traditional fiat currencies and precious metals.
Salinas's net worth is estimated at $5.8 billion, and the billionaire increasingly invests funds in Bitcoin. In one interview, Salinas mentioned that he allocated about 70% of his liquid portfolio to Bitcoin. The remaining 30% of funds are distributed between gold and gold mining companies. He has no stocks or bonds, aside from his own businesses.
Earlier, Salinas cited several reasons for buying Bitcoin: the ability to instantly buy and sell the cryptocurrency, as well as protection against rising inflation and the decline in the value of state currencies.
