Mexican billionaire Ricardo Salinas Pliego who has a net worth of almost $13.2B disclosed on Twitter that 10% of his “liquid portfolio” is currently invested in bitcoin.
BTC/USD Weekly chart – TradingView
At the time of writing this, the Bitcoin price is sitting at $18,020.93 (+7.44%). In the last 7 days, the BTC price has increased by almost 15.9% and in the last 30 days, the Bitcoin price has increased by almost 54.8%.
Ricardo Salinas Pliego is Mexico’s second-richest man
Mexico’s second-richest man and the 166th richest man in the world has disclosed that he has invested in Bitcoin. He tweeted:
https://twitter.com/RicardoBSalinas/status/1328850136290775041?s=20
According to Google translation, the tweet stated:
Today I recommend THE BITCOIN PATTERN, this book is the best and most important to understand #Bitcoin. Bitcoin protects the citizen from government expropriation. Many people ask me if I have bitcoins, YES. I have 10% of my liquid portfolio invested.
Pliego is the founder and director of Grupo Salinas — which holds interests in media, telecommunications, banking, and retail. The billionaire further revealed in a response to the Kraken crypto exchange’s growth lead Dan Held’s tweet that the other 90% of his investments are attached up “in precious metals miners”.
Dan, I love your newsletter (to which I subscribe) Here some clarifications on my post:
10 % of "liquid portfolio" in BTC…not of my net worth!
The other 90% is in precious metals miners.
For me it's no "stampede", started with Grayscale at 800 dlls BTC in 2016.
Ricardo S.
Before posting his tweet about Bitcoin, Hours before posting the Mexican billionaire had tweeted criticizing government-issued fiat as being “worth nothing” and remarking that it is always “good to diversify” one’s investments. The tweet:
https://twitter.com/RicardoBSalinas/status/1328801110136664073?s=20
According to Google translation, the tweet stated:
“To start with #Bitcoin, I share a video taken in a Latin country where banks throw money away (paper money is worth nothing) that is why it is always good to diversify our investment portfolio. This is inflationary expropriation!”