Mexican Billionaire Ricardo Salinas Allocates 70% of His Portfolio to Bitcoin
Mexican billionaire Ricardo Salinas has revealed that 70% of his investment portfolio is dedicated to Bitcoin-related assets.
- The remaining 30% is allocated to gold and shares of gold mining companies, as disclosed in an interview with Bloomberg.
- Salinas emphasized his preference for these “hardest assets”, reflecting his belief in their long-term value.
As the chairman of Grupo Salinas, a conglomerate involved in telecommunications, media, financial services, and retail, Salinas has a diversified business background. However, his investment choices differ from conventional strategies.
Salinas’ Unconventional Investment Strategy
Salinas’ investment approach is unorthodox, as he avoids traditional assets like bonds and external company stocks.
- He stated, “I don’t have a single bond, and I don’t have any other stocks except my own.”
- This commitment highlights his focus on assets that he views as more reliable and resilient.
Salinas’s Increasing Commitment to Bitcoin
A long-time advocate for Bitcoin, Salinas has increased his exposure to the cryptocurrency over the years.
- In 2020, he revealed that 10% of his liquid portfolio was in Bitcoin, a figure that has now grown to 70%.
- He has also actively promoted Bitcoin and decentralized finance on social media, with a following of over 2 million on X.
Advocacy Beyond Personal Investments
Salinas’s support for Bitcoin goes beyond personal investment.
- Four years ago, he announced plans for Banco Azteca, part of Grupo Salinas, to become the first bank in Mexico to accept Bitcoin.
This further reflects his belief in Bitcoin’s role in reshaping the financial landscape.
Investment Philosophy Rooted in Economic Skepticism
Salinas’s investment philosophy aligns with his broader economic views, especially his skepticism toward fiat currencies and traditional financial systems.
- By prioritizing Bitcoin and gold, he aims to hedge against potential currency devaluation and economic instability.
- His strategy underscores a commitment to scarce assets that are not influenced by centralized control, emphasizing their enduring value in uncertain economic times.
