Mexican Billionaire Ricardo Salinas Goes "All In" on Bitcoin, Allocating 70% of His Portfolio to the Digital Asset

output:input: Mexican billionaire Ricardo Salinas, founder and chairman of Grupo Salinas, has gone “all in” on Bitcoin, allocating 70% of his portfolio to the digital asset.

Mexican billionaire Ricardo Salinas, founder and chairman of Grupo Salinas, has gone “all in” on Bitcoin, allocating 70% of his portfolio to the digital asset.

As reported by Bloomberg on March 4, Salinas has steadily increased his Bitcoin exposure over the last four and a half years, starting with 10% in 2020.

“I have zero bonds, and I don’t have any other stocks. I am 70% Bitcoin, and the rest is in equities.”

Salinas highlights Bitcoin’s scarcity as its key advantage.

“It’s the hardest asset. We know that they are making 3% more gold every year. But this one, they cannot make more.”

He urges individuals to maximize their Bitcoin holdings.

“Buy everything you can. It’s not going anywhere except up.”

Salinas, who has a net worth of $4.6 billion, has repeatedly spoken about his belief in Bitcoin and advises investors to dollar-cost average (DCA) into the asset.

Salinas is also focused on driving Bitcoin adoption in Mexico and aims to integrate Bitcoin services into Banco Azteca, one of his company’s subsidiaries.

However, regulatory challenges have slowed down his plans. Since 2021, Mexican regulators have been less open to allowing traditional financial institutions to hold or transact Bitcoin.

Despite this, Salinas remains bullish on Bitcoin’s future and continues to prioritize crypto adoption in the country.

Salinas’ decision to go “all in” on Bitcoin underscores the growing trend of HNWI seeking to hedge against inflation and central bank policies by diversifying into alternative assets.