Billionaire Shifts 70% of Portfolio to Bitcoin, Emphasizing Long-Term Growth

Ricardo Salinas, a key figure in Mexico’s business landscape and the head of Grupo Salinas, has significantly adjusted his investment approach in recent years.

As of March 4, he revealed that a striking 70% of his investment portfolio is now tied to Bitcoin, a massive leap from the 10% he allocated back in 2020. While much of his assets are now focused on Bitcoin, he keeps a portion in gold and gold mining stocks, with no interest in bonds or traditional equities.

Salinas views Bitcoin as an exceptionally reliable asset, describing it as the “hardest asset in the world” due to its fixed supply. He strongly advocates for the strategy of dollar-cost averaging, encouraging others to invest in Bitcoin gradually, emphasizing that it’s a long-term hold.

His belief in Bitcoin’s upward trajectory remains unwavering, especially when compared to gold, which he says faces a natural inflation rate due to new mining production each year.

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His dedication to Bitcoin has grown over time. By 2022, Salinas had already bumped up his Bitcoin holdings to 60%. It all started when he was introduced to Bitcoin by former Grayscale CEO Barry Silbert, and he made his first Bitcoin purchase at just $200. With a net worth of $4.6 billion, Salinas’ move into Bitcoin seems to have paid off, given the current market trends.

Alexander Zdravkov