Gold Reigns Supreme Now But Bitcoin USD Will Surge 14X To Exceed $1,400,000: Mexican Billionaire

Gold is currently the hot topic. It reigns supreme in terms of significant capital movement, as recent increases indicate. Trading at more than $4,300 per ounce as of this report, the yellow metal is nearing historical peaks after the surge on October 16. Surpassing the Bitcoin USD, the rise in gold prices positions it as the world’s most precious asset after surpassing the $30T threshold.

At this price point, gold is valued at over 15 times more than BTC, often referred to as digital gold. Additionally, due to the spike above $4,300, gold’s worth is 7 times greater than that of Nvidia and Microsoft. This increase solidifies its status as the ultimate store of value, particularly amid economic instability.

Purchasing gold’s crypto market cap now requires 6 Nvidia’s.

Gold has averaged an addition of $833 billion PER MONTH for twelve consecutive months.

Never has any asset recorded such an achievement in history. https://t.co/OwWpgCdC90 pic.twitter.com/00YJf5fvmQ

— The Kobeissi Letter (@KobeissiLetter) October 13, 2025

The upward momentum for gold is anticipated to persist, given the demand levels, notably from retail investors. In Singapore and Australia, queues are forming as many are keen to acquire a share of the gold market.

Scene at BullionStar before Opening Hours – Customers lining up to purchase Gold & Silver. pic.twitter.com/UVyqLoWMXR

— BullionStar (@BullionStar) October 17, 2025

Whether driven by BUY PANIC or not, every bit of gold is being snatched up.

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What’s Causing This Gold Boom?

The remarkable buyer interest for gold arises from several key factors.

Leading the charge are geopolitical tensions that have sparked the need for a reliable safe haven, particularly now that the US and China are engaging in strategic maneuvers. The Trump administration has implemented new tariffs on Chinese goods following the Asian superpower’s plans to impose new regulations on rare earth exports. As a result, Bitcoin, Solana, and other top cryptos plummeted on October 10, struggling for recovery since.

In addition, there are reports highlighting record gold acquisitions, not only by China but also by Russia and emerging economies. Typically, central banks accumulate gold as a reserve for stabilizing their currencies. In 2025 alone, global central banks have purchased over 1,000 tons of gold while shifting away from the dollar.

2008: The largest commodity producer (Russia) starts increasing gold in FX reserves – gold/commodity ratio at 1.2

2025: Gold/commodity ratio at 7.2 & climbing; Russian FX reserves at peak levels (despite war & sanctions) due to high gold prices. pic.twitter.com/lpwYmYtKZp

— Luke Gromen (@LukeGromen) October 6, 2025

Lastly, there are worries that a rate cut by the Federal Reserve could trigger inflation, which is currently over 1% above the targeted 2%, leading to diminished purchasing power. While gold does not yield interest, it becomes attractive in inflationary settings, increasing market demand and elevating prices to unprecedented levels.

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Mexican Billionaire: Bitcoin USD Remains Supreme, Anticipate a 14X Increase

Even amidst the impressive rise of gold, billionaire Bitcoin advocate Ricardo Salinas Pliego asserts that digital gold is still the dominant player.

In a post on X, Pliego stated that not only is Bitcoin projected to soar by a minimum of 14 times to catch up with gold, but that Bitcoin USDT will continue to excel compared to the yellow metal.

This isn’t the first instance of the billionaire voicing base level for Bitcoin. In September, during a conversation with Robert Breedlove, he asserted that fiat currencies such as the USD, pesos, and Euro are the “greatest scam” and that accumulating BTC is the only path to escape this financial matrix.

Notably, Pliego is the owner of one of Mexico’s major commercial banks, Banco Azteca. He’s also been captured stating that those who believe their funds are secure in banks are mistaken.

“People assume they deposited their money into the bank and that it’s safely stored in a vault. That’s not the case.” He added, “The money is gone. It’s already been lent to someone for purchasing a house.”

As Bitcoin USD declines, some enterprising whales are leveraging the dip for acquisitions. Recently, two whales acquired 1,465 BTC valued at over $162M on Binance and FalconX.

Two new whales secured 1,465 $BTC ($162.4M) from exchanges in just 6 hours!

1️⃣ Large holder “bc1q0” withdrew 1,000 $BTC ($110.7M) from #Binance at an average price of $110,650.

2️⃣ Large holder “bc1qx” withdrew 465 $BTC ($51.7M) from #FalconX at an average of $111,204.

Follow @spotonchain for… pic.twitter.com/FNQtI8BmAg

— Spot On Chain (@spotonchain) October 16, 2025

Nevertheless, the probability of Bitcoin USDT reaching $200,000 appears to be low. Interestingly, Polymarket bettors consider the likelihood of alien discovery this year, rated at 6%, to be higher than Bitcoin’s chance of hitting $200,000, which stands at only 5%.

BREAKING: There’s a higher chance of confirming aliens this year (6% probability) than Bitcoin reaching $200k (5% probability).

— Polymarket (@Polymarket) October 17, 2025

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The article Gold Is King Now But Bitcoin USD Will 14X To Over $1,400,000: Mexican Billionaire was first published on 99Bitcoins.