Ricardo Salinas, Mexican Conglomerate founder and chairman Group Salinas, said 70% of his investment portfolio was now reserved for assets associated with Bitcoin-from 10% in 2020.
Speaking In Bloomberg on March 4, Salinas said he was “pretty all” in Bitcoin (Btc), while the remaining 30% of his investments are in the miners of gold and gold.
“That’s all. I don’t have a single bond, and I have no other stock. “
The 70% Provision of Bitcoin May not include the shares he holds in his company’s stock, Group Elektra Sab de CV, boasting a 75.15 billion Mexican peso ($ 3.64 billion) market cap, Google Finance Data Shut up.
Salinas referred to Bitcoin as the “most difficult owner in the world,” pointing to Bitcoin’s fixed supply cap. He recommends investors Average dollar cost – Buy a small amount of BTC – in a longer term.
“Buy everything you can. It won’t go anywhere except the dynamics like this is the hardest owner in the world.”
“Although gold is poor. Your gold has been raised by about 3% a year by further production from mines. Bitcoin is not,” Salinas added. “Never sell it.”
Translated, Salinas’ Post said: “Greetings nephews, my friend @saylor sends her best wishes to all of you leading her #Bitcoin conference to Miami.” Source: Ricardo Salinas
Salinas, boasting a net worth $ 4.6 billion, increased his exposure to Bitcoin since November 2020, when he said 10% of his liquid portfolio was invested in Bitcoin.
Related: Bitcoin is no longer ‘safe shelter’ as $ 82k BTC price dive leaves gold on top
The billionaire said that his allocation increased to 60% At the Bitcoin 2022 conference in April 2022.
At the conference, Salinas told Cointelegraph in an interview that he was “orange tree” by former Grayscale CEO Barry Silbert in 2012 or 2013 and made his first Bitcoin investment at $ 200.
https://www.youtube.com/watch?v=l5Goc8zpde
Salinas is looking to make one of his company’s subsidiaries, Banco Azteca, the first bank of Mexico to Accept Bitcoin because at least 2021– However, he faces oppositions in that effort.
His comments on Bitcoin came as he announced his plan to remove the firm of financial services and retail Group Elektra from the Salinas group to allow him to run that business as he wished.
Magazine: Bitcoin vs. computer volume threat: timeline and solution (2025–2035)
