Ricardo Salinas, founder and president of the Mexican conglomerate Grupo Salinas, said that 70% of his investment portfolio is now allocated to Bitcoin – against 10% in 2020.
Addressing Bloomberg on March 4, Salinas said that he was “almost everyone” on Bitcoin (BTC), while the remaining 30% of his investments are in minors of gold and gold.
“That’s it. I don’t have a single obligation and I have no other actions.”
The 70% Bitcoin allowance probably excludes the shares he holds in the shares of his company, Grupo Elektra Sab of CV, which has a market capitalization of 75.15 billion Mexican peso (3.64 billion dollars), according to Google Finance.
Salinas called Bitcoin as “the hardest active ingredient in the world”, highlighting the fixed Bitcoin power supply ceiling. He recommended the average cost of investors to the average dollar costs – buy small amounts of BTC – in the longer term.
“Buy everything you can.” It is not going anywhere, except because the dynamics are such that it is the most difficult asset in the world. »»
“Even gold is not so difficult. Your gold is inflated to around 3% per year thanks to additional production from mines. Bitcoin does not do it, ”added Salinas. “Never sell it.”
Translated, Salinas’ post says: “Greetings Neveus, my friend @saylor sends his best wishes to all of you before his #Bitcoin conference in Miami.” Source: Ricardo Salinas
Salinas, which has a net value of $ 4.6 billion, has increased its exposure to Bitcoin since November 2020, when it said that 10% of its liquid portfolio had been invested in Bitcoin.
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The billionaire said that his allowance increased to 60% at the Bitcoin 2022 conference in April 2022.
At the conference, Salinas told Cointelegraph in an interview that he had been “folded at the orange” by the former CEO of Graycale Barry Silbert in 2012 or 2013 and made his first Bitcoin investment at $ 200.
https://www.youtube.com/watch?v=L5GGOC8ZPDE
Salinas sought to make one of the subsidiaries of his company, Banco Azteca, the first Mexican bank to accept Bitcoin for at least 2021 – however, he faced regulatory battles in this company.
His comments from Bitcoin came because he revealed his plan to withdraw the financial services company and the retailer Grupo Elektra de Grupo Salinas to allow him to manage this company as he wishes.
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