This Billionaire with a Net Worth of $13.2 Billion Reveals 10% of His Liquid Assets are in Bitcoin!

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.

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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%.

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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.
— Ricardo Salinas Pliego (@RicardoBSalinas) November 18, 2020

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!”