Ricardo Salinas Pliego, the Mexican telecom and retail billionaire, has made bold predictions about Bitcoin.
In a recent interview titled “The End of Fiat Is Now,” Salinas expressed his confidence that Bitcoin’s market cap will soon rival gold’s $22 trillion value. He believes that Bitcoin will increase at least eightfold from its present value of $105,000 per coin to match gold’s valuation.
Bitcoin Rivaling Gold’s Cap
Salinas compared Bitcoin’s current market capitalization of around $2 trillion to gold’s market cap of $22 trillion. This comparison suggests that Bitcoin has significant room for growth. If Bitcoin were to match gold’s market cap of $22 trillion, its price would be approximately $1.1 million per coin.
The billionaire is optimistic that Bitcoin will eventually surpass gold’s value, especially as the cryptocurrency continues to gain traction. He envisions a future where Bitcoin serves as the next reserve asset, replacing traditional fiat currencies and assets like gold.
Salinas’ views are grounded in his belief that Bitcoin is gaining ground over gold. He pointed out the recent downward trend in gold’s value, which contrasts with Bitcoin’s growth. For context, Bitcoin has significantly outperformed gold in recent years, with impressive gains of 156% in 2023 and 121% in 2024.
In contrast, gold has shown modest growth, including a 14% increase in 2023 and a 26.59% growth in 2024, highlighting Bitcoin’s stronger momentum in comparison.
Salinas’ Personal Investment Strategy
Salinas, who holds an estimated $5.8 billion fortune, has increasingly allocated a substantial portion of his wealth to Bitcoin. In his recent Bloomberg interview, he revealed that Bitcoin now constitutes around 70% of his liquid portfolio.
This marks a significant increase from his previous holdings in 2020, when Bitcoin made up 60% of his portfolio. In addition to Bitcoin, he maintains a 30% allocation in gold and gold miners.
Salinas emphasized that his personal portfolio is focused solely on Bitcoin and gold-related investments. He has no bonds or stocks other than his own business ventures.
Bitcoin as a Tool for Personal Freedom
In his book The Bitcoin Enlightenment, Salinas presents Bitcoin not only as an investment but also as a tool for individual freedom. He argues that Bitcoin offers a path to escape government control, inflation, and taxation. According to Salinas, these elements are forms of theft, and Bitcoin provides a way to regain control over personal finances.
He emphasizes that individuals must first embrace personal responsibility and values such as honesty and non-violence. Once these principles are in place, he believes Bitcoin can be the means to achieve true freedom, particularly in an era of increasing government interference.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
