Salinas Predicts Bitcoin to Reach $1.86M, Citing Limited Supply and Adoption

Bitcoin has held steady near $80,000 after testing that level in early September. The price of Ethereum and XRP also rose during this time.

Mexican billionaire Ricardo Salinas Pliego reiterated his bullish view on Bitcoin, predicting it could reach $1.86 million by matching gold's market value. He bases this prediction on Bitcoin's limited supply and increasing adoption, seeing it as a long-term store of value rivaling gold.

Currently, Bitcoin trades around $76,700, with Salinas' prediction highlighting the ongoing debate about Bitcoin's future as a global wealth store.