Billionaire Says ‘Sell Your House, Buy Bitcoin’: Fiat Collapse Is Coming

Mexican billionaire and Bitcoin enthusiast Ricardo Salinas has renewed his warning about the risks of fiat currency systems, urging people to reconsider their financial strategies in light of what he believes is an impending monetary collapse.

Salinas advised that selling property in favor of Bitcoin could be a more secure long-term investment. He argued that while owning a home serves practical living needs, it fails as a financial asset compared to Bitcoin, which offers fixed supply and portability. In his view, real estate can always be recreated, whereas Bitcoin’s scarcity gives it lasting value. He also suggested that homeowners could use long-term mortgages to unlock liquidity and redirect it into Bitcoin.

Deep Distrust in Fiat and Central Banking

Salinas has consistently expressed skepticism toward fiat currencies and the central banking systems that issue them. He regards inflation as a tool used by governments to erode individual wealth, believing that fiat money allows the state to grow at the public’s expense. Drawing from his experience during Mexico’s 1980s hyperinflation, Salinas sees historical precedent for his concerns. During that period, the Mexican peso depreciated drastically, which he cites as a case study in monetary mismanagement.

According to Salinas, the global monetary system, heavily influenced by Keynesian economics, enables unsustainable government spending and weakens public purchasing power. He views modern central banking as fundamentally flawed and sees the fiat model as an unsustainable scheme that should be dismantled entirely.

READ MORE:

Donald Trump Signs “One Big Beautiful Bill”: How It Can Reshape the Crypto Market

Bitcoin and Gold as Financial Lifeboats

In his outlook, Bitcoin and gold are the remaining paths to financial freedom. Salinas considers them “hard money” alternatives that resist inflation and government interference. He believes that broader adoption of Bitcoin is essential for individuals to maintain control over their savings, especially in a world where traditional currencies are increasingly vulnerable.

Salinas frames this moment as a turning point, asserting that early adoption of Bitcoin could lead to significant long-term benefits. He considers the digital asset not merely a trend, but a foundational shift in the global financial landscape.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.