• Mexican billionaire Ricardo Salinas remains bullish on bitcoin after plunge Salinas has previously said he has 70% of his liquid assets in bitcoin. • What to know: Ricardo Salinas urged his followers to buy bitcoin as protection against inflation and control. • Salinas said he has 70% of hits liquid assets in bitcoin during an interview last year, up from 10% in 2020. • The Mexican crypto advocate has said he views fiat currency as fraudulent and positions bitcoin as the primary means of preserving purchasing power. • Mexican billionaire Ricardo Salinas, one of that country’s richest individuals, hasn’t been shaken by the recent crash in the price of bitcoin. • “Take advantage and buy now while it’s down,“said Salinasin a Sunday X post.
Article Summaries:
- Mexican billionaire Ricardo Salinas, one of the country’s richest men, has reiterated his confidence in bitcoin despite the recent price drop to around $66,000. In a Sunday X post, he urged followers to buy while the price is low, framing bitcoin as a hedge against inflation and a safeguard against fiat currency, which he calls “fraudulent.” Salinas has said that 70 % of his liquid assets are now in bitcoin, up from 10 % in 2020, with the remainder in gold and mining shares. His stance reflects a long‑standing advocacy for bitcoin as the primary means of preserving purchasing power in Latin America.
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