The portfolio of the Mexican billionaire consists of 60 % of Bitcoin
The portfolio of the Mexican billionaire consists of 60 % of Bitcoin
One of the richest men of Mexico and founder of Grupo Salinas , Ricardo Salinas Pliego said at the Bitcoin 2022 conference in Miami, he does not buy any rows, but do not invest, but Better in Bitcoin. In 2020, the Tycoon claimed that its portfolio consisted of 10 percent of Bitcoin, from which we can conclude that Ricardo's trust in the crypto-asset has increased.
"I definitely have no bonds, I have a liquid portfolio-I have 60 % in Bitcoin and Bitcoin shares and then 40 % in hard asset shares such as oil and gas and gold mining companies, and I'm there." - he said in a conference.
I would like to thank @TebitcoinConf to talk about what is next. It was a pleasure for me to get to know them all 😌.
"Please ... do not put your future in the hands of the government, you and I know how this always ends, keep away from it #fiat Money, invest #Btc " pic.twitter.com/sjvvbbbzkcy
The love of Ricardo Salinas about Bitcoin has been known for some time: "Everything we have in Fiat can be completely withdrawn by the authorities. The government is not interested in making it easier to use Bitcoin," he noted.
Salinas Pliego explained that the decentralized nature of the first cryptocurrency makes it much more difficult to forbid or control it. In contrast to Fiat and Gold, Bitcoin can be transferred around the world immediately without intermediary, the billionaire added.
As an additional advantage, he named the limited edition of the first cryptocurrency of 21 million BTC, which enables it to use it in the long term.
According to Salina's Pliego, people should concentrate on gaining basic knowledge of the history of money and Fiat that help them recognize the value of Bitcoin. "I have spent a lot of time with learning [Bitcoin] and I think it is an asset that should be part of the portfolio of every investor. It is a valuable good with an international value that is traded with enormous liquidity at a global level. And that's enough to keep it in a portfolio. In the long term," said the billionaire.
Forbes estimates the assets of Salin Pliego to $ 12.9 billion (at the time of the creation of this article). The businessman belongs to the retailer Grupo Elektra, who is aimed at consumers of the lower middle class, whose purchases are awarded by his Banco Azteca bank arm. In November 2020, Salinas Pliego said that 10 percent of his liquid funds are digital gold.
"Bitcoin protects the citizens from state expropriation," he said at the time.
In the interview, the billionaire Fiat money described Fiat money and emphasized that money prints and inflation devalue the purchasing power of all consumers.
I started my professional career in 1981. The peso was $ 20 to $ 1. Today it is $ 20,000 to $ 1. This is all you need to know. And here in Mexico, because when we look at Venezuela or Argentina or Zimbabwe, the numbers lose every proportionality. Currency fraud is inherent in the Fiat system and we see it in the United States. As you can imagine, the money edition goes to the moon. The dollar as hard money is a joke,
related : buy Bitcoin, says Mexico's most third in his New Year's message
Source: Crypto-news-flash.com
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