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Ricardo Salinas is a big believer in Bitcoin.<\/p>\n
Mexican billionaire Ricardo Salinas said today that 60% of his liquid investment portfolio is in Bitcoin<\/a>. <\/p>\n Salinas is Mexico’s third-richest man<\/a>, and the world’s 154th richest, with a net worth of $12.8 billion, according<\/a> to Bloomberg. At the Miami Bitcoin 2022 conference today, Salinas said he doesn’t own any bonds—instead preferring to invest mostly in Bitcoin. <\/p>\n This is up from 2020, when the business magnate admitted<\/a> 10% of his portfolio was in Bitcoin<\/a>—saying at the time that the asset “protects the citizen from government expropriation."<\/p>\n “I definitely don’t have any bonds,” he said today. “I have a liquid portfolio—I have 60% in Bitcoin and Bitcoin equities, and then 40% in hard asset stocks like oil and gas and gold miners, and that’s where I am.”<\/p>\n Salinas, who is chairman of Grupo Elektra, a home appliance and electronics retailer, has long been a Bitcoin fan. In October 2020, he posted<\/a> on Twitter a list of book recommendations, including ‘The Bitcoin Standard’ by economist Saifedean Ammous. <\/p>\n Not long after, he admitted he held Bitcoin in his portfolio. And then the billionaire went full Bitcoin bro and changed<\/a> his Twitter bio to include the biggest cryptocurrency by market cap—joining the likes of MicroStrategy’s Michael Saylor and Skybridge’s Anthony Scaramucci. <\/p>\n Salinas, who controls more than half of the Mexican motorcycle market, has since talked about Bitcoin frequently on social media. <\/p>\n![\"\"](\"https:\/\/markethive.com\/uploads\/andriesvantonder\/images\/posted-images\/HIVECOIN-BANNER2(26).png\")
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