Ricardo Salinas, the billionaire owner of the Mexican conglomerate Grupo Salinas, revealed in a recent interview that he had allocated 70% of his investment portfolio to activities related to Bitcoin and Bitcoin.
The important lawyer Bitcoin revealed that the remaining 30% of his wallet is made up of gold and shares in his own companies. He said: “I don’t have only one link and I have no other actions except mine.”
Salinas, whose net heritage is estimated at $ 4.8 billion, has significantly increased its Bitcoin exposure from 10% in 2020. The billionaire was a vocal supporter of Bitcoin and plans to make his bank, Banco Aztec, the first in Mexico to accept it.
The revelation comes while Salinas aims to eliminate his flagship company, Grupo Elektra, from the public markets. He says that this move will free him from shareholders and will allow him to manage the activity as he wishes.
Salinas has faced turbulent times recently, with the price of Grupo Elektra’s shares which fell by 70% last year and swept away almost $ 5 billion of luck. It remains blocked in legal battles with the Mexican government for alleged unpaid taxes.
However, the tycoon remains provocative, affirming: “Despite all the problems in Mexico, our activities are going well. Now I’m free to do my things. “
Despite the legal battles and political uncertainty, Salinas remains engaged in Bitcoin as a fundamental pillar of its financial strategy. It emerged as one of the most influential Bitcoin supporters of Latin America.
The vocal support of Salinas further validates the prospects of Bitcoin as a long -term value shop. If his bet pays, the billionaire could consolidate his inheritance as one of the first Bitcoin company champions.