Mexico's third richest person Ricardo Salinas: Bitcoin is expected to reach 800,000 USD, 70% of his wealth has been converted to BTC.

Mexican billionaire Ricardo Salinas Pliego predicts that bitcoin's market capitalization will soar to $16 trillion, about eight times higher than its current size, and eventually surpass gold. (Summary: Arthur Hayes interview: Bitcoin rushes 250,000 magnesium, altcoins will not rise, I don't open leveraged contracts) (Background supplement: Bank of America: Bitcoin is a thousand years of "disruptive innovation", the same level of printing!) According to Cointelegraph, Ricardo Salinas Pliego, the third-richest person in Mexico and founder of Grupo Salinas, has publicly stated that the market value of bitcoin (BTC) is expected to rush to $16 trillion in the future, about eight times higher than the current size (at least $800,000 a piece), surpassing gold. BULLISH: Mexican billionaire Ricardo Salinas says Bitcoin is on track to surpass gold’s $16T market cap, an 8x jump from today’s levels. pic.twitter.com/2ZyTNMHQAL — Cointelegraph (@Cointelegraph) June 19, 2025 Thinking Behind "All In" Salinas stressed that he has shifted about 70% of his personal assets to Bitcoin, claiming that he will eventually "go all-in." In his view, fiat currencies have eroded purchasing power by as much as 99% in the past 40 years, and Bitcoin's fixed supply and decentralized design provide a new channel to fight inflation. While he acknowledges gold's long-term safe-haven status, he believes that in today's highly digital world, bitcoin is more portable, transparent and verifiable. Four factors supporting the $16 trillion blueprint Based on the current market expert views and investment trends, the supporting factors for Bitcoin's rise can be summarized as: Huge store-of-value market: Bitcoin's status as a store of value is increasingly recognized by the market, and many original U.S. Treasury investors have begun to turn to Bitcoin. Institutional capital influx: Since the listing of Bitcoin spot ETFs, it has attracted tens of billions of capital inflows, and major listed companies have also begun to build Bitcoin asset reserves. Mature payment infrastructure: More and more countries and regions are adopting Bitcoin as a payment currency. Macro and geopolitical thrust: U.S. Treasuries exceeded $37 trillion, fiscal deficits climbed, and regional conflicts intensified, and investor demand for "non-sovereign" assets strengthened. Salinas believes that when Bitcoin is more widely seen as a "usable and borderless" store of value for everyone, there is a natural opportunity for market capitalization to challenge gold. Whether Bitcoin can really climb to the $16 trillion high remains to be verified; However, driven by the intersection of macro headwinds and technological innovation, Bitcoin is occupying an increasingly prominent position on the global financial stage. Related reports French parliament rejects "bitcoin mining" as a solution to low peak capacity of nuclear power Founder of Tianqiao Capital: The boom of companies issuing bonds to buy BTC will eventually subside, and excessive speculation may eat up bitcoin Brazil's "Bitcoin Reserve Act" passed the preliminary review, and 5% foreign exchange reserves (180 billion US dollars ) buying BTC is one step closer (Ricardo, the third richest man in Mexico Salinas: Bitcoin looks at $800,000, 70% of the net worth has been exchanged for BTC" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".