Grupo Salinas’ chairman has shifted almost entirely to Bitcoin and gold, signaling his growing distrust of fiat currencies and government-controlled financial systems.
Ricardo Salinas, one of Mexico’s wealthiest individuals, revealed in a March 4 interview with Bloomberg that 70% of his liquid portfolio is now allocated to Bitcoin, stating that he is “pretty much all in.”
In the interview, Salinas shared that the remaining 30% of his portfolio is dedicated to gold and gold-mining exposure, which he considers a complementary store of value alongside Bitcoin.
“I don’t have a single bond, and I don’t have any other stocks except my own,” he stated, reaffirming his skepticism toward traditional financial assets.
Bitcoin fundamentals, stronger than fluctuation and ‘speculative frenzies’
When asked whether investors should buy the dip or wait, Salinas emphasized the importance of a long-term perspective.
He also dismissed concerns over short-term price fluctuations, stating that Bitcoin “will go up and down, and there will be speculative frenzies,” but its fundamentals and scarcity make it an unparalleled store of value.
“It’s only 21 million of those tokens. 20 (million) have been distributed and mined already, so there is going to be 1 million more from here to 2140,” he explained.
He also encouraged a disciplined investment approach, urging investors to avoid market speculation. “What most people should do is dollar cost average—have a program where you buy so much per month, and buy every month,” he said. “And never sell it!”
A growing commitment to ‘the hardest asset in the world’
Salinas’ belief in Bitcoin is not new. He first bought BTC in the early 2010s when the price was just $200 per coin.
Since then, his confidence has only strengthened, leading to a steady increase in his Bitcoin allocation from 10% in 2020 to 60% in 2022 before reaching its current 70% level.
The billionaire has frequently highlighted Bitcoin’s advantages over fiat currency. “Gold gets inflated at about 3% a year through additional production from mines. Bitcoin doesn’t,” he explained. “It’s the hardest asset in the world.”
His move comes amid broader institutional interest in Bitcoin, with major financial firms increasing their exposure to the asset, like Strategy (formerly MicroStrategy).
Encouraging others to follow his strategy, Salinas urged investors to take advantage of Bitcoin’s long-term potential. “Buy everything you can,” he said. “It’s not going anywhere except up.”
