Mexican Billionaire Ricardo Salinas Invests 70% of His Portfolio in Bitcoin

Mexican billionaire Ricardo Salinas has become one of the most outspoken proponents of Bitcoin, allocating a massive 70% of his investment portfolio to Bitcoin-related assets. This decision reflects his strong belief in the cryptocurrency as a store of value, emphasizing his commitment to assets he perceives as “hard” and resistant to inflation and economic instability. His investment approach diverges significantly from the traditional strategies followed by most investors.

In an interview with Bloomberg, Salinas shared that the remaining 30% of his portfolio is invested in gold and shares of gold mining companies. He specifically mentioned that he avoids more conventional asset classes such as bonds and external company stocks, stating that he doesn’t own any bonds and only holds shares in his own companies. This strategy further underscores his focus on assets he views as more resilient and less vulnerable to manipulation by central authorities or economic turmoil.

Salinas’s connection with Bitcoin runs deep, as he has been a vocal advocate for the cryptocurrency for several years. He first revealed in 2020 that 10% of his liquid portfolio was invested in Bitcoin. Over the past few years, that percentage has grown substantially to 70%, showing a clear shift in his investment philosophy. His position on Bitcoin reflects his skepticism about the future stability of fiat currencies, as well as a growing distrust of traditional financial institutions.

In addition to his personal investment choices, Salinas has been a strong supporter of Bitcoin’s potential to disrupt the traditional financial system. His public advocacy extends beyond social media, where he has amassed a following of over 2 million people on platforms like X (formerly Twitter). He uses his platform to promote the merits of decentralized finance and Bitcoin’s ability to function as a hedge against inflation and economic instability.

Salinas’s influence extends into his business ventures as well. Four years ago, he announced that Banco Azteca, a bank owned by his conglomerate Grupo Salinas, would become the first bank in Mexico to accept Bitcoin. This move reflects his belief that the future of finance lies in decentralized systems, which he sees as offering greater transparency, security, and autonomy compared to traditional, centralized banking structures.

His stance on Bitcoin also ties into his broader economic philosophy. Salinas has long been skeptical of centralized control over monetary systems and has expressed concerns about the devaluation of fiat currencies. By focusing on Bitcoin, which he considers a scarce and decentralized asset, he seeks to protect his wealth from the risks associated with traditional financial systems. Additionally, his significant investment in gold highlights his preference for assets that are not subject to inflationary pressures or political manipulation.

For Salinas, Bitcoin and gold represent not only investments but also a broader statement about the future of money and the financial systems of tomorrow. His strategy reflects a belief in the enduring value of scarce assets that operate outside the reach of centralized authorities. While his approach may be unconventional, it mirrors the growing sentiment among some investors who see Bitcoin as a hedge against traditional financial markets and a safeguard against potential global economic challenges.