Bullish sentiment toward bitcoin continues to accelerate as investors increasingly regard it as a resilient hedge against inflation and fiat currency devaluation. Mexican billionaire and Grupo Salinas chairman Ricardo Salinas Pliego shared on social media platform X on Oct. 16 that the cryptocurrency could dramatically rise in value, positioning it as the next global store of wealth.

His remarks reinforced growing confidence in bitcoin’s long-term potential to outperform traditional assets such as gold. Salinas wrote:

Bitcoin will go up at least 14 times (means $1.516 million) to catch up with gold — and then it will continue to outperform.

The billionaire, once a self-described “gold bug,” has since become one of Latin America’s most vocal bitcoin advocates. He stated in another X post on Oct. 16: “The ‘real’ new money = bitcoin. I used to be a gold bug, from 1980 to 2017 — Then I saw and wrote the ‘ Bitcoin Enlightenment’ — Ignore it at your own peril.”

Earlier, in August, Salinas offered a deeper context for his strong stance on BTC, explaining that his shift away from gold and fiat currencies was driven by what he views as systemic flaws in traditional money. He opined, as translated by Grok: “The fiat money scam is masterful: it steals value from people without them realizing it. We are obligated to reject all government interference in the creation of money, and that’s why bitcoin is so revolutionary.”

In his recently released book The Bitcoin Enlightenment, co-authored with Pascal Hügli and Daniel Jungen, Salinas detailed how bitcoin offers a paradigm shift in global finance. “For me, bitcoin has been an eye-opening experience; once you understand what this new form of money means, you can’t stop thinking about its impact,” he shared, as translated by Google. Offering personal insight into his portfolio strategy, he advised:

My advice is simple: get into bitcoin, put your savings there, and stick with it … At the end of the day, bitcoin is freedom. And freedom is the fertile ground where innovation, responsibility, and true prosperity grow.

• Why is Ricardo Salinas Pliego bullish on bitcoin’s future value?
  Ricardo Salinas predicts bitcoin could rise at least 14 times to reach parity with gold, emphasizing its potential to become the world’s next major store of wealth and a hedge against inflation.
• How does Salinas view bitcoin compared to traditional assets like gold?
  Once a “gold bug,” Ricardo Salinas now believes bitcoin will continue to outperform gold due to its decentralized nature and superior store-of-value characteristics.
• What drives Salinas’s rejection of fiat currencies?
  Ricardo Salinas criticizes fiat money as a “scam” that erodes value through hidden inflation, asserting that bitcoin’s transparent and limited supply solves this systemic issue.
• What investment advice does Salinas offer to others?
  In his book “The Bitcoin Enlightenment,” Ricardo Salinas urges investors to buy and hold bitcoin as a pathway to financial freedom and long-term prosperity in an increasingly digital economy.

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