Mexican Magnate Ricardo Salinas Transfers 70% of Liquid Portfolio to Bitcoin
In a notable update on his investment approach, Mexican billionaire Ricardo Salinas has revealed that a significant 70% of his liquid assets now reside in Bitcoin and related investments. This substantial increase from his previous 10% allocation in 2020 signals a rising confidence in Bitcoin as a viable tool for wealth preservation.
A Strategic Turn Toward Digital Currency
Sitting on a fortune of around $5.8 billion, Salinas, the head of the powerful Grupo Salinas business empire—which oversees entities such as TV Azteca and Total Play Telecomunicaciones—discussed this strategy shift in a recent Bloomberg interview. He highlighted his revamped portfolio composition, mainly consisting of Bitcoin, gold, stakes in gold mining ventures, and shares from his own enterprises. Notably absent from his investments are conventional financial instruments like bonds, with Salinas stating, “I don’t hold any bonds and no stocks aside from my own.”
The remaining 30% of his liquid assets find a home in gold and gold mining stocks, which he views as stable companions to Bitcoin. Over time, Salinas has emerged as a staunch advocate for Bitcoin, citing its potential as a hedge against inflation and the volatility of fiat currencies—issues that hold significant weight in Latin America where economic fluctuations are common.
Championing Bitcoin in the Digital Arena
As Salinas’s belief in Bitcoin deepens, he continues to utilize social media to champion its benefits. Boasting a following exceeding 2 million on X, he recently shared an ambitious forecast by Strategy Chair Michael Saylor suggesting a future price of $13 million for Bitcoin. Salinas’s advocacy places him among a growing cohort of key figures in the cryptocurrency sector.
Furthermore, he has expressed his desire to incorporate Bitcoin into his banking arm, with plans to position Banco Azteca as the first Mexican bank to embrace the cryptocurrency—a vision that is currently unfolding.
Market Landscape and Institutional Patterns
Salinas’s assertive investment move comes when interest in Bitcoin is high, despite a recent price dip. Following a 17% decrease last month, Bitcoin still holds a 42% gain since September 2024, buoyed by a 37.32% surge in November following Donald Trump’s election win.
Enthusiasm for Bitcoin isn’t confined to individual investors; institutional curiosity is on the rise. Companies like Strategy, previously MicroStrategy, lead the way with over 499,000 BTC valued at about $41.28 billion. They have ambitious plans to ramp up their Bitcoin holdings further, allocating $42 billion for additional acquisitions by 2027. Other enterprises, such as Japan’s Metaplanet, are also increasing their exposure to Bitcoin, while Galaxy Research forecasts Bitcoin’s value could skyrocket to $185,000 by 2025, driven by the expanding institutional adoption.
Closing Thoughts: Bitcoin’s Investment Horizon
Ricardo Salinas’s bold move toward Bitcoin signifies a significant shift in the investment arena, particularly in an environment rife with uncertainty. His significant asset reallocation underscores a growing trend among institutional and individual investors who are increasingly turning to cryptocurrency as a shield against economic turmoil. As adoption accelerates, the evolving role of Bitcoin in wealth management and portfolio diversification stands to reshape our approach to investments in the years to come.
Disclaimer: This article is for informational purposes only and should not be regarded as financial advice. The perspectives presented are those of the author and may not necessarily align with the views of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment decisions; The Crypto Basic holds no liability for any financial losses incurred.
