Mexican billionaire businessman Ricardo Salinas stated that Bitcoin has become a global reserve asset and will soon surpass the $16 trillion market value of gold. Salinas argued that Bitcoin will gain approximately 8 times its current value and reach the total value of gold.
Salinas, who made remarkable statements in a speech, said, “Bitcoin is a new global reserve asset. It will surpass gold. This is the most important message to be taken from this speech.”
Stating that Bitcoin is currently trading at around $105,000, Salinas reminded that the total value of 20 million Bitcoins in circulation is around $2 trillion. In contrast, Salinas said that the total market value of gold is around $16 trillion, and that Bitcoin would need to increase in value eightfold to reach this level.
“I have no doubt that this will happen very soon,” said Salinas, who did not give an exact date but argued that the trend was clear: “The value of gold against Bitcoin is constantly falling. This trend is clearly visible.”
*This is not investment advice.