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Salinas has previously stated that he holds 70% of his liquid assets in bitcoin.
(Yashowardhan Singh/Unsplash)
What to know:
- Ricardo Salinas encouraged his followers to acquire bitcoin as a safeguard against inflation and control.
- Salinas mentioned that he has 70% of his liquid assets in bitcoin during an interview last year, an increase from 10% in 2020.
- The Mexican proponent of cryptocurrency has characterized fiat currency as fraudulent and positions bitcoin as the principal method of preserving purchasing power.
Mexican billionaire Ricardo Salinas, one of the wealthiest figures in the country, remains unfazed by the recent decline in bitcoin’s price.
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“Take advantage and buy now while it’s down,” Salinas stated in a recent post on X. “Investing in Bitcoin is safeguarding your funds against inflation and keeping it away from those who wish to take it from you.”
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This remark from the longtime proponent followed bitcoin’s drop in recent months to its current value of $66,000. Salinas shared this message alongside an earlier video of him advocating for bitcoin’s capacity to promote freedom, reinforcing a position he has maintained for years.
Salinas, whose net worth is estimated at around $4.9 billion, has been one of the most outspoken bitcoin advocates in Latin America. In previous interviews, he has labeled fiat currency a “fraud” and referred to bitcoin as “the only option” for maintaining purchasing power.
In a discussion last year, he indicated that 70% of his liquid assets were tied to bitcoin, with the remaining 30% in gold and shares of gold mining companies.
