Billionaire Issues New Bitcoin Prediction, Says Crypto King Will Surge to $1,500,000 Per BTC
Mexican billionaire Ricardo Salinas Pliego says he believes Bitcoin will surge by at least 14 times from its current value.
In a new post on X, the Grupo Salinas chairman says BTC will rise to $1.5 million USD in a jump that would see the leading crypto asset match gold’s current $30 trillion market cap.
At that point, he believes Bitcoin will then begin to exceed gold’s market size.
Salinas is Mexico’s third-richest person, with his conglomerate Grupo Salinas spanning media, retail and finance.
He has been a champion of Bitcoin since 2020, now holding about 10% of his liquid portfolio in BTC.
A former gold enthusiast from 1980 to 2017, Salinas shifted views, calling Bitcoin an effective protection from government fiat fraud.
Bitcoin is the best performing asset in history.
Its price has surged 59.4% from $68,369 in the last year, 828.1% from $11,742 over the last five years and 41,370% from $263 in the last ten years.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Turkmenistan’s Digital Currency Bet: Navigating Government Oversight and Technological Progress
- Turkmenistan legalizes crypto trading/mining by 2026 under strict state-controlled regulations, marking a historic shift for its closed economy. - The law mandates licensing, AML protocols, and cold storage for exchanges while prohibiting banks from crypto services and reserving state authority over token validation. - Global crypto regulation trends align with Turkmenistan's move, as nations like the UK, EU, and Central Asian neighbors advance digital asset frameworks. - Despite potential for energy-dri
Ethereum Update: Major Institutions and ETF Investments Drive Ethereum Past $3,000 as Fed Eases QT
- Ethereum's price surged above $3,030 amid rising institutional demand, ETF inflows, and whale accumulation, driven by Fed policy shifts and technical optimism. - BlackRock's IBIT saw $130M inflows while a whale added 6,000 ETH ($17M), signaling confidence as Fed quantitative tightening nears its December end. - Technical indicators show oversold RSI and record Apparent Demand (90,995 ETH), mirroring a 2023 pattern that preceded a 165% rally to $4,100. - Despite $230M ETF inflows, Ethereum remains volatil
Energy expenses and outstanding debts compel Tether to withdraw from its $500 million mining project in Uruguay
- Tether halted Uruguay Bitcoin mining due to rising energy costs and $4.8M debt with UTE. - The $500M project ended with 30 layoffs after $150M spent on mining/infrastructure. - Uncompetitive energy tariffs and lack of long-term contracts caused the venture's collapse. - The exit highlights crypto mining's vulnerability to volatile energy markets and regulatory gaps. - Tether remains focused on Latin American renewables but no Uruguay restart timeline exists.
Uzbekistan to Recognize Stablecoins from 2026
Uzbekistan will officially allow stablecoins for payments starting January 1, 2026, under a new crypto-friendly regulatory regime.What the New Law Means for Crypto in UzbekistanWhy This Matters
Trending news
MoreCrypto prices
More
