Mexican Billionaire Says Bitcoin Will Hit $1.86 Million. What’s His Logic?
Mexican billionaire Ricardo Salinas Pliego renewed his long-term Bitcoin thesis this week, pointing to gold’s whole market worth because the benchmark that might ultimately ship BTC towards $1.86 million per coin.
In a submit on X, the Grupo Salinas founder argued that reaching parity with gold’s market capitalization would require precisely that value. He additionally talked about that Bitcoin’s adoption curve continues to be very early.
Salinas Pliego’s Long-Running Gold Comparison
This shouldn’t be a brand new theme for Salinas. Back in October 2025, after gold turned the primary asset to achieve a $30 trillion market cap, he predicted Bitcoin would wish to rise a minimum of 14 instances, to round $1.516 million, simply to match gold’s valuation earlier than persevering with to outperform it.
“If bitcoin had been to realize parity with gold market worth, it must go up in value to $1.86 million per bitcoin. BTC = $1,860,000 USD It continues to be very early,” Salinas Pliego said on X.
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He has constantly framed Bitcoin as superior digital gold: extra transportable, more durable to control, and free from the bodily storage and verification points that include the steel.
Salinas holds nearly all of his liquid portfolio in Bitcoin-related property, usually citing 70%-80%, with the rest break up between gold and mining shares. He views each as hedges against fiat debasement, whereas explicitly preferring Bitcoin’s shortage and digital properties.
The comparability lands amid rising institutional curiosity in laborious property usually. Bitcoin’s correlation with gold lately reached a six-year high, according to Bitwise analysis, as buyers search safety from forex debasement and financial stimulus, a sample echoing what adopted 2020-era pandemic coverage responses.
Analysts tie the transfer to fiscal arithmetic quite than yield curves or charge expectations, noting that each main superior economic system besides Switzerland now carries a debt-to-GDP ratio above 100%.
Other Prominent Voices Echo a Similar Thesis
Salinas is way from alone in drawing this comparability. Michael Saylor has repeatedly referred to as Bitcoin digital capital, arguing it’s superior to what he calls analog gold when it comes to transparency and efficiency metrics.
Analyst Willy Woo has projected multi-million-dollar Bitcoin costs if the asset captures a significant share of gold’s financial function or broader international wealth storage.
Other market commentators discussing market-cap parity note that even a $1 million Bitcoin would nonetheless symbolize solely a fraction of gold’s whole valuation, reinforcing the identical early-stage narrative.
As of this writing on September 4, Bitcoin trades close to $79,450, in keeping with BeInCrypto data, with a market cap of round $1.56 trillion, nonetheless a small fraction of gold’s multi-trillion-dollar market.
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The submit Mexican Billionaire Says Bitcoin Will Hit $1.86 Million. What’s His Logic? appeared first on BeInCrypto.
