Mexican billionaire Ricardo Salinas claimed that Bitcoin will soon become a global reserve asset, surpassing the value of gold.
Bitcoin as a Global Reserve Asset
In his speech, Ricardo Salinas stated, "Bitcoin is a new global reserve asset. It will surpass gold. This is the most important message to be taken from this speech."
Predictions for Bitcoin's Value Increase
Salinas noted that Bitcoin is currently trading at around $105,000 and that the total value of 20 million Bitcoins in circulation is around $2 trillion. He added that Bitcoin would need to increase in value eightfold to reach the market value of gold, which is around $16 trillion.
Overall Trend of Gold Losing Value Relative to Bitcoin
"I have no doubt that this will happen very soon," said Salinas, who did not provide a specific date but argued that the trend is clear: "The value of gold against Bitcoin is constantly falling. This trend is clearly visible."
In the debate about Bitcoin's future, Ricardo Salinas presents an optimistic view, asserting that the cryptocurrency is poised to take a significant position in the global financial market.
