Ricardo Salinas, an outspoken Mexican billionaire, has made headlines again by revealing that the majority of his investment portfolio is concentrated in bitcoin (BTC), along with gold and shares in his own companies. Known for advocating cryptocurrency, Salinas’s commitment to this digital asset class is evident as he navigates the complexities of the financial landscape.
With a net worth estimated at approximately $5.8 billion, Salinas has consistently demonstrated his support for bitcoin. Four years ago, he expressed ambitions to make his bank the first in Mexico to accept bitcoin, showcasing his forward-thinking approach to finance.
In a recent interview with Bloomberg, Salinas disclosed that approximately 70% of his portfolio is now allocated towards bitcoin-related investments, while the remaining 30% is distributed between gold and gold mining operations. He stated, “I don’t have a single bond and I don’t have any other stocks except my own,” highlighting his concentrated approach to investment.
This substantial allocation to bitcoin marks a significant increase from the 10% he previously mentioned in 2020. Such a shift in strategy illustrates not only Salinas’s confidence in cryptocurrency but also reflects a growing trend among investors pivoting towards digital assets amidst traditional market uncertainties.
The timing of Salinas’s remarks is particularly interesting, considering his plans to delist his flagship firm, Grupo Elektra, while he simultaneously faces legal and taxation challenges from the Mexican government. This decision underscores his belief in leveraging innovative assets like bitcoin in a time of turmoil.
As the financial world continues to evolve, figures like Ricardo Salinas are at the forefront, challenging norms and demonstrating the potential of cryptocurrency as a legitimate investment vehicle. His unapologetic stance towards bitcoin not only highlights a transformative vision for banking in Mexico but also sets a precedent for other investors in the digital age.
