Ricardo Salinas Says Bitcoin Could Hit $1 Million, Calls It Better Than Real Estate

Mexican billionaire Ricardo Salinas Pliego has once again expressed strong confidence in Bitcoin, arguing that the world’s largest cryptocurrency offers better long-term value than real estate. During a recent interview, Salinas predicted that Bitcoin could eventually reach $1 million per coin, reinforcing his position as one of the asset’s most vocal supporters.

Salinas Keeps Most of His Wealth in Bitcoin

Salinas, whose net worth is estimated at around $5 billion, revealed that roughly 70% of his investment portfolio is tied to Bitcoin and Bitcoin-related assets. The remaining portion is primarily invested in gold and gold mining companies.

He also noted that he avoids traditional investment products such as bonds. Outside of his own businesses, he holds very few stock investments.

Key points from his investment strategy include:

• Around 70% of his portfolio is allocated to Bitcoin.
• The rest is mainly invested in gold and gold miners.
• He owns no bonds and limited outside stock positions.

Why Bitcoin Beats Real Estate, According to Salinas

The billionaire believes Bitcoin’s fixed supply gives it a major advantage over property investments. While new homes and buildings can continue to enter the market, Bitcoin has a permanent supply cap of 21 million coins.

Salinas argued that some prime real estate markets have shown little growth when measured against Bitcoin over the last decade. In his view, scarcity remains the most important factor for preserving wealth over time.

Bitcoin as a Modern Store of Value

Salinas has long criticized fiat currencies, claiming that government money creation weakens purchasing power. As a result, he favors scarce assets such as gold and Bitcoin.

He described Bitcoin as a modern version of gold and an investment with significant upside potential as adoption continues to grow worldwide. Although he did not provide a timeline for his $1 million forecast, his prediction aligns with other investors who believe Bitcoin could eventually become a global reserve asset.