BITCOIN | Mexican Billionaire Says 70% of Investment Portfolio is Allocated to Bitcoin

Mexican billionaire, Ricardo Salinas, is doubling down on one of the most concentrated cryptocurrency bets among the world’s wealthy, saying roughly 70% of his investment portfolio is allocated to Bitcoin as he argues the digital asset has become a superior long-term store of value compared with real estate.

The founder of Grupo Salinas said property has become increasingly burdened by taxes, maintenance costs, and illiquidity, while Bitcoin offers scarcity, portability, and stronger long-term appreciation. Salinas, whose fortune is estimated at about $5 billion, said fiat currencies are structurally designed to lose purchasing power, reinforcing his conviction that Bitcoin should be a core wealth-preservation asset rather than a speculative trade.

His comments highlight a growing divide among high-net-worth investors over what constitutes the ultimate store of value. For decades, prime real estate occupied that role because of its stability and income-generating potential. But some prominent Bitcoin advocates now argue the cryptocurrency’s fixed supply and increasing institutional adoption have made it a more attractive long-term hedge against inflation and currency debasement.

This is not the first time that Salinas has advocated for holding bitcoin.

5 years ago, when Salinas was the 3rd richest person in Mexico, he said that ‘bitcoin is an asset that should be on every investor’s portfolio’ due to its finite supply.

Speaking about the high inflation rates across the globe, Ricardo said:

“FIAT is a fraud. Look, I started my career in 1981. The Mexican Peso was 20:1 USD. Today, we are at 20,000:1.

And that is in Mexico.  If you look at Venezuela, Argentina, or Zimbabwe, the numbers lose all proportions.

When asked what asset he could choose to hold for the next 30 years, without hesitation he said:

“No stinky FIAT for a reason. I would take bitcoin.” 

Salinas has steadily increased his Bitcoin exposure over recent years, moving from a modest allocation in 2020 to making the cryptocurrency the dominant holding in his liquid investment portfolio. While his position remains far more aggressive than conventional wealth-management guidance, it underscores a broader trend of some billionaire investors treating Bitcoin as a strategic reserve asset alongside, or increasingly instead of, traditional stores of wealth such as real estate and gold.

Stay tuned to BitKE for updates on Bitcoin developments globally.

Join our WhatsApp channel here.

Follow us on X for the latest posts and updates

Join and interact with our Telegram community

_________________________________________