Mexican Billionaire Says Bitcoin Will Hit $1.86 Million. What’s His Logic?

A prominent Mexican billionaire has forecast Bitcoin could reach $1.86 million, citing Bitcoin’s fixed 21 million supply, ongoing fiat monetary expansion, and potential mass adoption as the logic behind the valuation. Separately, a major institutional holder reports roughly $52 billion in net Bitcoin reserves after accounting adjustments, signaling sizable corporate balance-sheet exposure to BTC. Combined, these items underscore growing institutional accumulation and reinforce a scarcity-driven bullish narrative for Bitcoin, but substantial macro, regulatory, and adoption risks mean such extreme price targets remain speculative.