Key Points
- Ricardo Salinas, a Mexican billionaire, has invested 70% of his portfolio in Bitcoin-related assets.
- The rest 30% of Salinas’ investments are in gold and shares of gold mining companies.
Ricardo Salinas, a prominent billionaire from Mexico, has revealed that a significant 70% of his investment portfolio is invested in assets related to Bitcoin (BTC).
The remaining 30% of his investments are allocated to gold and shares in gold mining companies. This information was disclosed in an interview Salinas gave to Bloomberg.
Salinas’ Investment Strategy
Salinas, who is the chairman of Grupo Salinas, a diversified conglomerate with interests in various sectors such as telecommunications, media, financial services, and retail, expressed his preference for these “hardest assets”.
His investment strategy is notably unconventional. He avoids traditional assets like bonds and external company stocks.
“I don’t have a single bond, and I don’t have any other stocks except my own,” he stated. This highlights his commitment to assets that he views as more robust and reliable.
Salinas’ Affinity for BTC
Salinas has been a long-term advocate for Bitcoin (BTC). Over the years, he has significantly increased his exposure to the cryptocurrency. In 2020, he revealed that 10% of his liquid portfolio was invested in Bitcoin, a figure that has since grown to 70%.
In addition to his personal investments, Salinas has been actively promoting Bitcoin and the idea of decentralized finance on social media platforms. He has a following of over 2 million on X.
His advocacy also extends to his business ventures. Four years ago, he announced plans to make Banco Azteca, a part of Grupo Salinas, the first bank in Mexico to accept Bitcoin.
Salinas’ investment philosophy is in line with his broader economic views, especially his skepticism towards fiat currencies and traditional financial systems.
By focusing on Bitcoin and gold, he aims to hedge against potential currency devaluation and economic instability. His strategy reflects a belief in the enduring value of scarce assets that are not subject to centralized control.