Mexican Billionaire Says Bitcoin Will Be More Valu

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.