Mexican Billionaire Ricardo Salinas Says He Has 70% Bitcoin-Related Exposure

3 months ago

Ricardo Salinas, an outspoken Mexican billionaire, has revealed that his concern portfolio is mostly allocated to bitcoin (BTC), golden and shares successful his companies.

The Mexican billionaire, whose nett worthy is estimated to beryllium astir $5.8 billion, is simply a known BTC proponent who connected galore occasions showed enactment for the cryptocurrency. Four years ago, Salinas said helium was moving to marque his slope the archetypal successful Mexico to judge bitcoin.

“I’ve got astir 70% successful Bitcoin-related vulnerability and 30% successful golden and golden miners,” Salinas said during an interrogation with Bloomberg. “I don’t person a azygous enslaved and I don’t person immoderate different stocks but my own.”

The 70% fig is notably acold supra the 10% the billionaire revealed helium had allocated to the cryptocurrency backmost successful 2020. His words travel admits plans to delist his flagship steadfast Grupo Elektra and ongoing ineligible and taxation challenges with the Mexican government.

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