Ricardo Salinas: Bitcoin Advocate

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

The Mexican billionaire, whose net worth is estimated to be around $5.8 billion, is a known BTC proponent who has shown support for the cryptocurrency on numerous occasions. Four years ago, Salinas stated his goal to make his bank the first in Mexico to accept bitcoin.

“I’ve got about 70% in Bitcoin-related exposure and 30% in gold and gold miners,” Salinas said during an interview with Bloomberg. “I don’t have a single bond and I don’t have any other stocks except my own.”

The 70% figure is notably far above the 10% he disclosed was allocated to the cryptocurrency back in 2020. His remarks come amidst plans to delist his flagship firm Grupo Elektra and ongoing legal and tax challenges with the Mexican government.