“For most people, the biggest investment, their nest egg, is their home equity. Find a way to turn that into some sort of exposure to bitcoin to a greater or lesser degree,” he said. “You can then bet on the house asset appreciating, the house asset appreciating, and the Bitcoin asset appreciating.”
Salinas points to the long-term appreciation of bitcoin 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 bitcoins. With real estate prices remaining virtually unchanged ten years later, that same purchase would require less than 30 bitcoins.
For Salinas, this comparison illustrates why he believes bitcoin outperforms 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 discover Bitcoin, the more demand will increase.”
“Fiduciary fraud”
Salinas, who has emerged as a potential Mexican presidential candidate for the 2030 elections, dates his deep belief in fiat devaluation to a time long before the existence of digital currency. Back when President Richard Nixon removed direct convertibility of the U.S. dollar to gold, effectively ending the gold standard.
