Mexican billionaire Ricardo Salinas Pliego has forecasted that Bitcoin could reach a price of $1.516 million, representing a 14-fold increase. This projection aligns with the idea that Bitcoin's market value could match gold's $30 trillion market cap. Pliego's comments come amid discussions about a potential capital shift from gold to Bitcoin, as gold achieves a historic market cap.
Analysts have observed that global liquidity is on the rise, yet Bitcoin has not fully capitalized on this trend. This situation could pave the way for increased investment in digital assets, as investors seek alternatives to traditional stores of value like gold.
Mexican Billionaire Ricardo Salinas Pliego Predicts Bitcoin Could Hit $1.516 Million
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