Mexican Billionaire Ricardo Salinas Claims That Bitcoin Makes Up 60% Of His Liquid Assets.

April 8, 2022 - Around 2 mins mins to read

Ricardo Salinas, the third richest man in Mexico, claimed today that Bitcoin accounts for 60% of his liquid investment portfolio.

*Mexican Billionaire Ricardo Salinas Claims That Bitcoin Makes Up 60% Of His Liquid Assets.*

According to Bloomberg, Ricardo Salinas is Mexico’s third richest man and the world’s 154th richest man, with a net worth of $12.8 billion. Salinas remarked today at the Miami Bitcoin 2022 conference that he doesn’t hold any bonds and instead prefers to invest mostly in Bitcoin.

This is up from 2020, when the business magnate stated that Bitcoin accounted for 10% of his portfolio, claiming that the asset “protects the citizen from government expropriation” at the time.

He said:

“I definitely don’t have any bonds. I have a liquid portfolio—I have 60% in Bitcoin and Bitcoin equities, and then 40% in hard asset stocks like oil and gas and gold miners, and that’s where I am.”

Bitcoin has long been a favorite of Salinas, who is the head of Grupo Elektra, a home appliance and electronics company. In October 2020, he shared a list of book suggestions on Twitter, including economist Saifedean Ammous’ ‘The Bitcoin Standard.’

He soon acknowledged to having Bitcoin in his portfolio. Then, like MicroStrategy’s Michael Saylor and Skybridge’s Anthony Scaramucci, the billionaire went full Bitcoin bro and altered his Twitter bio to include the largest cryptocurrency by market size.

Salinas, who owns more than half of the Mexican motorbike industry, has repeatedly mentioned Bitcoin on social media since then.

And he isn’t the only Mexican in Miami that is thrilled about Bitcoin right now. Senator Indira Kempis, a pro-Bitcoin politician from Nuevo León, said earlier today that she will propose making Bitcoin legal tender in Latin America’s second largest economy.

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CoinCu News

Bitcoin

Mexican Billionaire Ricardo Salinas Claims That Bitcoin Makes Up 60% Of His Liquid Assets.

Ricardo Salinas, the third richest man in Mexico, claimed today that Bitcoin accounts for 60% of his liquid investment portfolio.

He said:

“I definitely don’t have any bonds. I have a liquid portfolio—I have 60% in Bitcoin and Bitcoin equities, and then 40% in hard asset stocks like oil and gas and gold miners, and that’s where I am.”