Fueled by Bitcoin’s accelerating adoption rate and the growing distrust in fiat currencies, the cryptocurrency is expected to soar 14-fold to $1.5 million per coin — an ambitious prediction shared by billionaire Ricardo Salinas, signaling rising global confidence in digital assets.
BILLIONAIRE PREDICTS BITCOIN WILL RISE 14X AND SURPASS GOLD As positive sentiment toward Bitcoin continues to surge, investors increasingly view it as a hedge against inflation and fiat currency devaluation.
Mexican billionaire Ricardo Salinas Pliego, chairman of Grupo Salinas, stated on October 16 via social media platform X (formerly Twitter) that Bitcoin’s value could rise dramatically, positioning it as the next global store of value.
Salinas’s remarks reinforced growing confidence that Bitcoin will outperform traditional assets like gold in the long run. He wrote:
“Bitcoin will rise at least 14 times (which means $1.516 million) and match gold — and then it will continue to outperform.”
Once a self-described “gold enthusiast,” Salinas has since become one of Latin America’s most vocal Bitcoin advocates. In another X post on October 16, he said:
“The real new money = Bitcoin. I was a gold fan from 1980 to 2017 — then I saw the ‘Bitcoin Enlightenment’ and wrote about it — ignore it at your own peril.”
Earlier, in August, Salinas gave deeper context to his pro-Bitcoin stance, explaining that his move away from gold and fiat currencies was driven by systemic flaws he observed in traditional money. As translated by Grok, he said:
“Fiat money is a masterfully crafted fraud — it steals people’s value without them noticing. We must reject all government interference in money creation, and that’s why Bitcoin is revolutionary.”
In his recently published book “The Bitcoin Enlightenment”, co-authored with Pascal Hügli and Daniel Jungen, Salinas explores how Bitcoin represents a paradigm shift in global finance. He shared, as translated by Google:
“For me, Bitcoin has been an eye-opening experience; once you understand what this new kind of money means, you can’t stop thinking about its impact.”
Offering personal insight into his own portfolio strategy, he advised:
“My advice is simple: get into Bitcoin, put your savings there, and stay loyal to it… At the end of the day, Bitcoin is freedom. And freedom is the fertile ground where innovation, responsibility, and true prosperity grow.”
FAQ 🧭 Why is Ricardo Salinas Pliego optimistic about Bitcoin’s future value? Salinas believes Bitcoin could increase at least 14 times, reaching parity with gold and becoming the next major global store of value as a hedge against inflation.
How does Salinas compare Bitcoin to gold? Once a “gold fan,” Salinas now argues that Bitcoin’s decentralized nature and superior store-of-value properties will allow it to outperform gold over time.
Why does Salinas reject fiat currencies? He calls fiat money a “fraud” that erodes value through hidden inflation and believes Bitcoin’s transparency and limited supply solve this systemic issue.
What investment advice does Salinas give? In The Bitcoin Enlightenment, Salinas urges investors to buy and hold Bitcoin as a path toward financial freedom and long-term prosperity in a digital economy.
