Mexican billionaire Ricardo Salinas allocates 70% of his portfolio in Bitcoin

The Mexican billionaire Ricardo Salinas revealed that 70% of his investment portfolio was assigned to Bitcoin-related funds.

The remaining 30% is invested in gold and shares of gold mining companies, according to sales interview With Bloomberg.

Salinas, which serves as a chairman of Grupo Salinas – conglomerate with interests stretching telecommunications, media, financial services and retailers – emphasized its propensity for this “most difficult property” during the interview. ​

Salinas’s investment strategy is significantly unconventional, because it avoids traditional property such as bonds and external stocks of the company.

He stated, “I have no relationship and I have no other supplies except mine.” This approach emphasizes its commitment to the property experienced as stronger and more reliable.

Salina love for BTC

A longtime lawyer for bitcoin (Btc), Salinas has significantly increased its exposure to cryptocurrency over the years. 2020 years discovered that 10% of his liquid portfolio was invested in Bitcoin, a figure, which has increased to 70% since.

In addition to his personal investments, Salinas actively promoted Bitcoin and the concept of decentralized finances on social media platforms, where it is in KS.

His advocacy stretches to its business ventures; Four years ago, he announced He plans to make Banco Azteca, part of Grupo Salinas, the first bank in Mexico to accept Bitcoin. ​

Salinas’s investment philosophy aligns with its wider economic view, especially its skepticism according to FIAT currencies and traditional financial systems.

By focusing in Bitcoin and Gold, he wants to live against the potential currency devaluation and economic instability. His strategy reflects belief in the permanent value of scarce assets that does not subject to centralized control.