“For most people, the biggest investment, their nest egg, is their equity. Find a way to turn that into some form of bitcoin exposure to a greater or lesser extent,” he said. “So then you can bet that the house asset appreciates, that the house assets appreciate, and that the bitcoin asset appreciates.”
Salinas points to bitcoin’s long-term appreciation relative to real estate as proof of his point. In January 2016, the price of bitcoin hovered around $400. A house in central London sold for an average price of $1.6 million or 4,000 bitcoin. With housing prices largely unchanged ten years later, the same purchase would require less than 30 bitcoin.
For Salinas, that comparison illustrates why he believes bitcoin will outperform traditional stores of value, such as real estate, over the long term.
“It’s an asymmetric bet on the upside,” he said. “The more people find out about bitcoin, the more demand there will be.”
‘Fiat Scam’
Salinas, who has emerged as a potential presidential candidate in Mexico for the 2030 elections, traces his deep belief in fiat devaluation to a time long before digital currency even existed. Then-President Richard Nixon cut off the direct convertibility of the US dollar into gold, ending the gold standard.
