Mexican billionaire Ricardo Salinas has disclosed that 70% of his funding portfolio is allotted to Bitcoin-related belongings.
The remaining 30% is invested in gold and shares of gold mining corporations, in line with a Salinas interview with Bloomberg.
Salinas, who serves as chairman of Grupo Salinas — a conglomerate with pursuits spanning telecommunications, media, monetary providers, and retail — emphasised his choice for these “hardest belongings” throughout the interview.
Salinas’s funding technique is notably unconventional, as he eschews conventional belongings like bonds and exterior firm shares.
He acknowledged, “I don’t have a single bond, and I don’t have every other shares besides my very own.” This method underscores his dedication to belongings he perceives as extra strong and dependable.
Salina’s love of BTC
A longstanding advocate for Bitcoin (BTC), Salinas has considerably elevated his publicity to the cryptocurrency through the years. In 2020, he revealed that 10% of his liquid portfolio was invested in Bitcoin, a determine that has since risen to 70%.
Past his private investments, Salinas has actively promoted Bitcoin and the idea of decentralized finance on social media platforms, the place he has amassed a following of over 2 million on X.
His advocacy extends to his enterprise ventures; 4 years in the past, he announced plans to make Banco Azteca, a part of Grupo Salinas, the primary financial institution in Mexico to just accept Bitcoin.
Salinas’s funding philosophy aligns along with his broader financial views, notably his skepticism towards fiat currencies and conventional monetary methods.
By specializing in Bitcoin and gold, he seeks to hedge in opposition to potential foreign money devaluation and financial instability. His technique displays a perception within the enduring worth of scarce belongings that aren’t topic to centralized management.