Mexican billionaire Ricardo Salinas Pliego, one of the wealthiest individuals in Latin America, has become a vocal and passionate advocate for Bitcoin.
As the founder and chairman of Grupo Salinas, Salinas commands a fortune estimated at US$5.4 billion, and he has made headlines for dedicating a staggering 70 percent of his liquid investment portfolio to Bitcoin.
Salinas sees Bitcoin as more than just a speculative asset—he views it as a powerful hedge against what he calls the inevitable decline of fiat currencies. In recent interviews and public statements, he’s been outspoken about his distrust of traditional financial systems. “I don’t have a single bond and I don’t have any other stocks except my own,” he stated, emphasizing his complete divestment from conventional instruments in favor of Bitcoin and gold. The remaining 30 percent of his portfolio is allocated to gold and gold mining stocks.
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