Bitcoin Confidence Skyrockets as Mexican Billionaire Allocates 70% of Wealth in BTC

• Ricardo Salinas allocates 70% of his portfolio to Bitcoin, signaling strong confidence in BTC over traditional assets.
• Growing billionaire and institutional interest could drive Bitcoin’s long-term adoption and mainstream financial integration.

According to a Bloomberg report, Mexican billionaire Ricardo Salinas, with a net worth of $5.8 billion, has made a bold financial move by allocating 70% of his liquid portfolio to Bitcoin (BTC) and Bitcoin-related assets.

Salinas, the chairman of Grupo Salinas, a conglomerate spanning telecommunications, media, and retail, has restructured his investment strategy, focusing primarily on Bitcoin, gold, stakes in gold mining companies, and shares in his own businesses.

In a CNF report from 2024, Salinas advocated for Bitcoin as a hedge against global inflation, particularly highlighting its reliability compared to traditional financial systems. In the latest Bloomberg update, he reaffirmed his commitment to Bitcoin, stating:

I’ve got about 70% in Bitcoin-related exposure and 30% in gold and gold miners. I don’t have a single bond and I don’t have any other stocks except my own.

Salinas has been a strong Bitcoin supporter for years, viewing it as a protection against inflation and currency devaluation, issues that are particularly relevant in Latin America.

His Bitcoin journey began in 2020, when he initially allocated 10% of his portfolio to the cryptocurrency.

Bitcoin’s Resilient Performance Amid Market Fluctuations

Recently, CNF highlighted that Michael Saylor plans to raise $2 billion to buy more Bitcoin. In response, Salinas humorously tweeted about Saylor’s prediction of Bitcoin reaching $13 million per BTC, referencing MicroStrategy’s stock (MSTR) potentially increasing 100x. In his translated tweet, Salinas remarked:

Michael Saylor says that his forecast is #Bitcoin at $13 MILLION dollars, that is, 100 times more than today… and MSTR (its stock) is 100 times more than today! So don’t say you didn’t know!

Implications for the Future

Salinas’s bold investment strategy reflects growing confidence in Bitcoin’s role as a major asset class. His move signals a broader trend among wealthy investors seeking alternatives to traditional financial instruments.

As regulatory clarity improves and institutional adoption accelerates, Bitcoin’s position in the global financial landscape continues to strengthen.

At the time of writing, Bitcoin (BTC) is trading at $89,480, reflecting a 7.56% increase in the past day and a 2.16% increase over the past week. See BTC price chart below.

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