2447: $1.86 Million Bitcoin Target - Billionaire Says It's Still Early

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1.86 million dollar Bitcoin. That's the price Bitcoin reaches if it simply catches gold. Not replaces the entire financial system, not captures every dollar, just reaches gold parity. And billionaire Bitcoiner Ricardo Salinas says we're still very early. Today I'm going to show you why.
One hundred trillion dollars. That's the wall of money Bitcoin is coming for. And the floodgates are already opening. BlackRock just pulled in another 453 million into Bitcoin in one day. Wall Street's accumulating, corporations are stacking, nations are waking up. And Bitcoin still only has 21 million coins. There will never be enough Bitcoin for everyone who wants it. So the question isn't whether more capital comes. It's what happens to the price when it does. For most of Bitcoin's history, institutions treated it like something they could safely ignore. A speculative asset, internet money, something that belongs outside the traditional financial system. Now everything has changed. Holding zero Bitcoin is becoming the position that needs explaining. Bitwise CIO just made one of the most important observations of the entire cycle. He says, I think to have 0% in Bitcoin at this point is a misallocation and puts you at risk in the future. Bitcoin used to be considered the risk. Now having no Bitcoin is becoming the risk. And look at what Bitcoin is competing against. Governments continue issuing debt, currencies continue losing purchasing power, and investors managing enormous pools of capital need somewhere to protect that wealth. And some of the biggest financial institutions on earth are already positioning accordingly. But here's what makes this movement even more interesting. Bitcoin bear markets have historically been absolutely brutal. But according to Galaxy Research, this one stands apart. Even after Bitcoin lost more than half of its value, from the peak, it was still the shallowest bear market in Bitcoin's history. That's how violent Bitcoin's previous bear markets were. And that's happening as institutional demand grows stronger. More capital is entering, more Bitcoin is being absorbed. Something is changing. While the supply remains exactly as scarce as it was before any of them arrived, 21 million, that number doesn't increase because BlackRock wants more. It doesn't increase because corporations want more. It doesn't increase because nations want more. And it certainly doesn't increase because trillions of dollars are suddenly looking for somewhere to go.
That is the asymmetry. And this is where the price implications get insane. At 250,000 per Bitcoin, the network would be worth roughly 5 trillion. At 500,000, we're talking roughly 10 trillion. And at a million, roughly 20 trillion. And even at a million dollars per Bitcoin, Bitcoin would still represent only a fraction of the enormous pools of global wealth is beginning to compete for. That's why $1 million Bitcoin doesn't require some fantasy where every dollar on earth suddenly flows into Bitcoin. It requires Bitcoin to capture a meaningful slice of a financial system measured in the hundreds of trillions of dollars. Bitcoin doesn't need to capture every dollar, doesn't need every institution, it doesn't need every nation. It only needs an increasingly larger fraction of an absolutely enormous global capital base competing for an asset with permanently fixed supply. And that competition is already beginning. The buyers are getting bigger, the capital is getting deeper, the drawdowns are getting shallower, but the supply is still 21 mil. Wall Street can print more dollars, governments can create more debt, institutions can deploy more capital, but nobody can create more Bitcoin. And that is what happens when a $100 trillion wall of money starts competing for the hardest asset on earth. And if you think those numbers sound big, wait until you see what happens when Bitcoin simply catches gold. For example, here, Ricardo Salinas just posted this, if Bitcoin were to achieve parity with gold market value, it would have to go up and price the $1.86 million per Bitcoin. Bitcoin equals $1.86 million USD. It is still very early. Ricardo Salinas, he's one of the OGs in the space, considered the third richest man in Mexico. This was way before we've seen six-figure price action, for all we know, all I'm saying, maybe he's the richest by now. But the point is, he understands fiat is a losing man's game. Saving in fiat, as Saylor put it, it's a melting ice cube. You don't save in fiat, you'll just lose money due to inflation. Bitcoin is the ultimate store of value, it's the ultimate savings. Simply put your money in Bitcoin, simplified and hodl for 20 years, and watch your purchasing power go through the roof. Just as we have witnessed over the past 17 years since the inception of the Genesis block, Bitcoin has been outperforming real estate, gold, precious metals, every asset or commodity in human history. And it's not going to slow down anytime soon. So 1.86 million, let me know if you agree. By the time we achieve a $30 trillion market cap, parity with gold.