$1.5 Million Bitcoin in Sight: Billionaire Predicts BTC Will Soar 14x Higher

Billionaire Predicts Bitcoin Price Will Soar 14x and Overtake Gold

Interest in Bitcoin (BTC) keeps growing as more investors see it as protection against inflation and the weakening of regular (fiat) money. On October 16, Mexican billionaire Ricardo Salinas Pliego, chairman of Grupo Salinas, said on social media platform X that Bitcoin’s price could rise sharply — even becoming more valuable than gold.

Salinas believes Bitcoin could go up at least 14 times, reaching around $1.5 million per coin, to match gold’s market value. He added that after that, Bitcoin will continue to outperform gold as a store of value.

Once a big fan of gold, Salinas now strongly supports Bitcoin. He said:

“The real new money is Bitcoin. I used to be a gold bug from 1980 to 2017 — then I discovered the ‘Bitcoin Enlightenment.’ Ignore it at your own risk.”

In an earlier post from August, Salinas explained why he stopped trusting gold and fiat currencies. He said the current money system is “a scam” because it quietly takes value from people through inflation.

“We must reject government control over money. That’s why Bitcoin is revolutionary,” he wrote.

Salinas recently published a book called “The Bitcoin Enlightenment,” co-written with Pascal Hügli and Daniel Jungen. In it, he shares how Bitcoin changed his view of global finance and personal freedom.

“Once you understand what Bitcoin really is, you can’t stop thinking about its impact,” he said.

As advice to investors, the billionaire encouraged people to invest in Bitcoin and hold it long-term:

“Get into Bitcoin, save there, and stay with it. Bitcoin means freedom — and freedom creates innovation, responsibility, and real prosperity.”