Not enough bitcoin for everyone? – The number of billionaires who reveal to hold Bitcoin (BTC) is growing every day. This time, it is the wealthy Mexican businessman, Ricardo Salinas Pliego, who announces he owns BTC. He even promotes a maximalist book on Bitcoin .
A billionaire with 10% of his cash in BTC
Ricardo Salinas Pliego is the founder of Grupo Salinas , a group of companies covering, among others, the telecommunications , media and financial services sectors . His personal fortune was estimated at $ 13.2 billion as of February 2020.
In a tweet published on November 18, Ricardo Salinas Pliego begins by recommending a book on Bitcoin , which touts the creation of Satoshi Nakamoto as „a decentralized alternative to central banks . “
At the end of his post, he also reveals a barely believable fact. The third richest man in Mexico would trust Bitcoin, to the point of placing a large chunk of his cash there:
“(…) Bitcoin protects citizens against theft from governments. Many people ask me if I have bitcoins YES! I invested 10% of my cash portfolio in it. “
By comparison, billionaire Paul Tudor Jones admitted to owning “only” 1 to 2% of his assets in bitcoins.
Fiduciary currencies are worth „nothing“
In another tweet , Ricardo Salinas Pliego specifies that he has not „rushed“ recently to Bitcoin, but that it is a long-term investment , started with the Grayscale fund in 2016 . He started his crypto investments with a BTC at $ 800 .
In addition, he explains that the remaining 90% of his liquidity portfolio is placed in precious metal mines .
The billionaire seems to be looking for safe havens in the face of his fears for fiat currencies . In a tweet preceding his revelations about his crypto-investments, the businessman openly criticized state currencies. In this case, showing whole bags of banknotes thrown in the garbage (probably in Venezuela):
“(…) I am sharing with you a video taken in a Latin American country, where banks throw money in the trash (paper money is worth nothing). That is why it is always good to diversify our investment portfolio. It is theft by inflation. „