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Bitcoin

Mexican billionaire says it is “all” on bitcoin with 70 % exposure

Ricardo Salinas, founder and head of the Mexican Groupo Salinas bloc, said 70 % of its investment portfolio is now allocated to Bitcoin-increasing assets of 10 % in 2020.

to talk With Bloomberg on March 4, Salinas said it was “everything” on Bitcoin (BTC), while the remaining 30 % of his investments in gold and gold mines.

“That’s it. I don’t have one bond, and I don’t have any other shares.”

Bitcoin is assumed to be 70 % excluding the shares he keep Data He appears.

Salinas referred to Bitcoin as “the most difficult assets in the world,” noting the fixed supply cover in Bitcoin. He recommended that the average cost cost in dollar – buy small amounts of BTC – in the long run.

“Buy everything you can. He will not go anywhere except because the dynamics are the most difficult origin in the world.”

“Not even this gold is difficult. Your gold is amplified in about 3 % a year with an additional production of mines. Bitcoin no,” Salinas added. “Never sell it.”

Postalas says: “Britses Braitings, my friend Saylor sends my best wishes to you all before the #Bitcoin conference in Miami.” source: Ricardo Salinas

Salinas, which has a clear value of $ 4.6 billion, has increased his exposure to Bitcoin since November 2020, when he said that 10 % of his liquid portfolio had been invested in Bitcoin.

Related to: Bitcoin is no longer a “safe haven” as it leaves the price of 82 thousand dollars

The billionaire said that its allocation increased to 60 % at the Bitcoin 2022 conference in April 2022.

At the conference, he told Cointelegraph in an interview that he was “orange” by the former CEO of Paris Silbert in 2012 or 2013 and invested his first investment in Bitcoin at a price of $ 200.

https://www.youtube.com/watch?

Salinas is looking to make a company affiliated with his company, Panco Azteca, the first Mexican bank to accept Bitcoin since at least 2021, however, he faced organizational battles in this endeavor.

His comments in Bitcoin came when he revealed his plan to remove the Grupo Elektra from Grupo Salinas to allow him to run this work as he wishes.

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