'The End of Fiat Is Now' - Why Bitcoin and Gold Are the Future | Ricardo Salinas
'The End of Fiat Is Now' - Why Bitcoin and Gold Are the Future | Ricardo Salinas
Kitco News: 6-14-2025
Billionaire Ricardo Salinas says fiat money is collapsing and Bitcoin is the only path to monetary freedom.
In this exclusive Kitco News interview, Salinas explains why central banks are running a global Ponzi scheme, how CBDCs will institutionalize financial surveillance, and why the peso is already in trouble under Mexico’s new leadership.
He also breaks down gold’s strategic role, mining risks in Mexico, and why he’s preparing for what he calls “the fiat endgame.”
Salinas, chairman of Grupo Salinas and founder of Banco Azteca, is one of Latin America’s largest private Bitcoin holders. He shares his personal experience with hyperinflation, how it shaped his investment philosophy, and why he believes we’re entering a new monetary era where Bitcoin, gold, and miners will replace trust in governments and paper money.
Key topics:
– Why Salinas calls fiat “a lie” and Bitcoin “monetary truth”
– CBDCs, surveillance, and the end of financial privacy
– Mexico’s peso risk and political instability
– Gold vs Bitcoin: why he holds both
– Are miners undervalued in this monetary reset?
– Capital controls, confiscation risk, and hard asset strategy
– How to build generational wealth through Bitcoin and gold
– Insights from Salinas’ new book The Bitcoin Enlightenment
00:00 Introduction
01:19 Ricardo Salinas
02:01 Fiat Currency Critique and Bitcoin Advocacy
03:49 Global Liquidity and Bitcoin's Behavior
06:20 Government Control and Bitcoin's Future
12:41 Central Bank Digital Currencies (CBDCs)
15:35 Bitcoin as a Global Monetary Base
18:04 Bitcoin and the Banking System
19:33 Latin America's Role in Bitcoin Adoption
20:16 Bitcoin vs. Gold: A Comparative Analysis
21:31 Challenges in the Mexican Mining Sector
23:46 Investment Strategies: Bitcoin, Gold, and Miners
27:34 Tokenization and the Future of Gold
29:07 The Core Message of Bitcoin: Freedom
31:47 Preparing the Next Generation for a Broken Financial System
33:36 Final Thoughts