Mexican Billionaire Predicts Bitcoin Could Reach $1.86 Million

Mexican entrepreneur Ricardo Salinas Pliego, founder of Grupo Salinas, reiterated his view that Bitcoin’s ultimate price could be driven by the market value of gold. In a recent post on X, he argued that matching gold’s market capitalization would require Bitcoin to trade at roughly $1.86 million per coin.

Gold as a Benchmark

Salinas has previously compared Bitcoin to gold, noting that gold’s market cap recently surpassed $30 trillion. In October 2025 he estimated Bitcoin would need to rise about 14‑fold, to around $1.5 million, to equal gold’s valuation. He now cites a higher figure of $1.86 million as the price needed for parity.

Adoption Outlook

The billionaire emphasized that Bitcoin’s adoption curve remains in an early stage. He claims that 70‑80 % of his liquid portfolio is allocated to Bitcoin‑related assets, with the remainder split between gold and mining stocks.

Market Correlation

Recent research from Bitwise shows Bitcoin’s correlation with gold has risen to a six‑year high, reflecting broader institutional interest in hard assets as a hedge against fiat debasement and high debt‑to‑GDP ratios in major economies.

Other Voices

Figures such as Michael Saylor and analyst Willy Woo have also linked Bitcoin’s potential to a digital‑gold narrative, projecting multi‑million‑dollar price levels if the cryptocurrency captures a significant share of global wealth storage.

Current Market Context

At the time of writing (September 4, 2026), Bitcoin is trading near $79,450, with a market cap of about $1.56 trillion—still a small fraction of gold’s multi‑trillion‑dollar valuation.