Ricardo Salinas: A Bitcoin Advocate
Ricardo Salinas, a prominent and vocal billionaire from Mexico, has recently disclosed that a significant portion of his investment portfolio is heavily weighted towards bitcoin (BTC), alongside gold and shares in his own enterprises. With an estimated net worth of approximately $5.8 billion, Salinas is widely recognized as a staunch supporter of cryptocurrency, particularly bitcoin. Over the years, he has consistently advocated for its adoption and utility.
In a revealing interview with Bloomberg, Salinas stated, “I’ve got about 70% in Bitcoin-related exposure and 30% in gold and gold miners.” He further emphasized his investment strategy by mentioning, “I don’t have a single bond and I don’t have any other stocks except my own.” This bold allocation to bitcoin is a notable increase from the 10% he had previously disclosed back in 2020, indicating a significant shift in his investment philosophy.
These assertions arise amidst ongoing plans to delist his flagship company, Grupo Elektra, as well as facing various legal and tax challenges from the Mexican government. Salinas’ commitment to bitcoin exemplifies his belief in the cryptocurrency’s potential as a transformative financial asset.
