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    Home»Bitcoin»Mexican Billionaire Ricardo Salinas Studies 70% Bitcoin Allocation
    Mexican Billionaire Ricardo Salinas Studies 70% Bitcoin Allocation
    Bitcoin

    Mexican Billionaire Ricardo Salinas Studies 70% Bitcoin Allocation

    By Crypto EditorMarch 6, 2025No Comments2 Mins Read
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    Ricardo Salinas, founder and chairman of Grupo Salinas, has considerably elevated his Bitcoin holdings, now allocating 70% of his funding portfolio to Bitcoin-related property—up from 10% in 2020.

    In a March 4th interview with Bloomberg, Salinas said he’s “just about all in” on Bitcoin, with the remaining 30% of his portfolio invested in gold and gold mining shares.

    “That’s it. I don’t have a single bond, and I don’t have every other shares,” he stated.

    His Bitcoin publicity doesn’t seem to incorporate his holdings in Grupo Elektra SAB de CV, a monetary providers and retail subsidiary of Grupo Salinas, which has a market capitalization of 75.15 billion Mexican pesos ($3.64 billion).

    Salinas described Bitcoin because the “hardest asset on the planet,” citing its fastened provide cap. He suggested buyers to make use of a dollar-cost averaging technique—step by step accumulating Bitcoin over time.

    “Purchase every part you may. It’s not going to go wherever besides up as a result of the dynamics make it the toughest asset on the planet,” he said.  

    He in contrast Bitcoin with gold, declaring that gold’s provide will increase by about 3% per 12 months resulting from mining, whereas Bitcoin’s provide stays fastened. “By no means promote it.”

    Salinas, whose internet price is estimated at $4.6 billion, beforehand revealed in November 2020 that 10% of his liquid portfolio was allotted to Bitcoin. By April 2022, he reported rising his allocation to 60%.

    On the Bitcoin 2022 Convention, he shared that he was launched to Bitcoin by former Grayscale CEO Barry Silbert in 2012 or 2013 and made his first funding when Bitcoin was priced at $200.

    Since no less than 2021, Salinas has tried to combine Bitcoin into his enterprise ventures, together with efforts to make Banco Azteca the primary Mexican financial institution to just accept Bitcoin. Nevertheless, regulatory challenges have stalled the initiative.

    His newest Bitcoin statements got here alongside his announcement to separate Grupo Elektra from Grupo Salinas, a transfer he stated would offer larger operational management over the enterprise.

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