Outside Source
Mexican billionaire Ricardo Salinas has disclosed that 70% of his investment portfolio is allocated to Bitcoin-related assets.
The remaining 30% is invested in gold and shares of gold mining companies, according to a Salinas interview with Bloomberg.
Salinas, who serves as chairman of Grupo Salinas — a conglomerate with interests spanning telecommunications, media, financial services, and retail — emphasized his preference for these “hardest assets” during the interview.
Salinas’s investment strategy is notably unconventional, as he eschews traditional assets like bonds and external company stocks.
He stated, “I don’t have a single bond, and I don’t have any other stocks except my own.” This approach underscores his commitment to assets he perceives as more robust and reliable.
Salina’s love of BTC
A longstanding advocate for Bitcoin (BTC), Salinas has significantly increased his exposure to the cryptocurrency over the years. In 2020, he revealed that 10% of his liquid portfolio was invested in Bitcoin, a figure that has since risen to 70%.
Beyond his personal investments, Salinas has actively promoted Bitcoin and the concept of decentralized finance on social media platforms, where he has amassed a following of over 2 million on X.
His advocacy extends to his business ventures; four years ago, he announced plans to make Banco Azteca, part of Grupo Salinas, the first bank in Mexico to accept Bitcoin.
Salinas’s investment philosophy aligns with his broader economic views, particularly his skepticism toward fiat currencies and traditional financial systems.
By focusing on Bitcoin and gold, he seeks to hedge against potential currency devaluation and economic instability. His strategy reflects a belief in the enduring value of scarce assets that are not subject to centralized control.
This article first appeared at crypto.news
