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Mexican Billionaire Ricardo Salinas Says He Has 70% Bitcoin-Related Exposure
The billionaire, a well-known bitcoin proponent, added he holds no bonds or stocks except for his own company shares.
What to know:
- Ricardo Salinas, worth an estimated $5.8 billion, has increased his liquid portfolio Bitcoin exposure to 70%.
- He said he owns only Bitcoin, gold, gold mining company stakes, and shares in his companies.
- The Mexican billionaire is a well-known bitcoin proponent who has said he was working on making his bank the first in Mexico to accept bitcoin.
Ricardo Salinas, an outspoken Mexican billionaire, has revealed that his investment portfolio is mostly allocated to bitcoin (BTC), gold and shares in his companies.
The Mexican billionaire, whose net worth is estimated to be around $5.8 billion, is a known BTC proponent who on numerous occasions showed support for the cryptocurrency. Four years ago, Salinas said he was working to make his bank the first in Mexico to accept bitcoin.
STORY CONTINUES BELOW
“I’ve got about 70% in Bitcoin-related exposure and 30% in gold and gold miners,” Salinas said during an interview with Bloomberg. “I don’t have a single bond and I don’t have any other stocks except my own.”
The 70% figure is notably far above the 10% the billionaire revealed he had allocated to the cryptocurrency back in 2020. His words come admits plans to delist his flagship firm Grupo Elektra and ongoing legal and tax challenges with the Mexican government.
Francisco Rodrigues
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold.
