This Mexican billionaire weighs $13.2 billion … and he caught the Bitcoin virus!

Not enough Bitcoins for everyone?

The number of billionaires who reveal they own Bitcoin (BTC) is growing every day. This time it is the extremely wealthy Mexican businessman, Ricardo Salinas Pliego, who claims to own BTC. He even promotes a maximalist book on Bitcoin.

A billionaire with 10% of his cash in BTCs

Ricardo Salinas Pliego is the founder of Grupo Salinas, a group of companies covering, among others, the telecommunications, media and financial services sectors. His personal fortune was estimated at $13.2 billion in February 2020.

In a tweet published on November 18, Ricardo Salinas Pliego begins by recommending a book on Bitcoin, which praises the creation of Satoshi Nakamoto as „a decentralized alternative to central banks“.

At the end of his message, he also reveals a barely believable fact. The third richest man in Mexico is said to trust Bitcoin, to the point of investing a large part of his liquid assets in it:

„(…) Bitcoin protects citizens from government spoliation. Many people ask me if I have Bitcoin YES! I’ve invested 10% of my cash portfolio in it. »

Hoy les recomiendo EL PATRÓN BITCOIN, este libro es el mejor y más importante para entender #Bitcoin.

El Bitcoin protects the child from gubernamental expropriation.

Muchas personas me preguntan si tengo bitcoins, SÍ. Tengo el 10% de mi portafolio líquido invertido en el
– Ricardo Salinas Pliego (@RicardoBSalinas) November 17, 2020

By way of comparison, billionaire Paul Tudor Jones admitted to owning „only“ 1-2% of his bitcoin assets.
Paper money is worth „nothing“.

In another tweet, Ricardo Salinas Pliego explains that he has not „rushed“ to Bitcoin recently, but that it is a long-term investment, starting with the Grayscale fund in 2016. He began his investment in cryptos with an $800 BTC.

In addition, he explains that the remaining 90% of his cash portfolio is invested in precious metal mines.

The billionaire seems to be looking for safe havens in the face of his fears for fiats. In a tweet preceding his revelations about his crypto-investments, the businessman openly criticized state currencies. In this case, by showing whole bags of banknotes thrown away with the garbage (probably in Venezuela) :

„(…) I am sharing with you a video taken in a Latin American country, where banks throw money in the garbage (paper money is worthless). That’s why it’s always good to diversify our investment portfolio. This is spoliation through inflation. »

To start with the #Bitcoin, compare them with a video shot in a Latin country where the bancos tiran el dinero a la basura (el papel moneda no vale nada) es por eso que siempre es bueno diversificar nuestro portafolio de inversiones .

It’s inflacionaria expropiación!
– Ricardo Salinas Pliego (@RicardoBSalinas) November 17, 2020

Note, however, that the billionaire also seems to have his little grey areas. Ricardo Salinas Pliego, for example, has in the past been in trouble with the U.S. Securities and Exchange Commission (SEC). A case that ended in 2006 with a payment of 7.5 million dollars to the SEC by the interested party, as part of an out-of-court settlement.

In any case, these revelations of billionaires owning Bitcoins are helping to fuel the beginning of a bull market frenzy that seems to be taking hold of the BTC and the cryptos market once again. Who will be the next billionaire to highlight his love for the BTC?