{"id":836720,"date":"2025-03-25T17:12:50","date_gmt":"2025-03-25T22:12:50","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/25\/mexican-billionaire-ricardo-salinas-allocates-70-of-his-wealth-to-bitcoin\/"},"modified":"2025-03-25T17:12:50","modified_gmt":"2025-03-25T22:12:50","slug":"mexican-billionaire-ricardo-salinas-allocates-70-of-his-wealth-to-bitcoin","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/25\/mexican-billionaire-ricardo-salinas-allocates-70-of-his-wealth-to-bitcoin\/","title":{"rendered":"Mexican Billionaire Ricardo Salinas Allocates 70% of His Wealth to Bitcoin"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div><main id=\"genesis-content\"><\/p>\n<p>You are here: <span itemprop=\"itemListElement\" itemscope itemtype=\"https:\/\/schema.org\/ListItem\"><a href=\"https:\/\/www.tronweekly.com\/\" itemprop=\"item\"><span itemprop=\"name\">Home<\/span><\/a><meta itemprop=\"position\" content=\"1\"><\/span> <span aria-label=\"breadcrumb separator\">\/<\/span> <span itemprop=\"itemListElement\" itemscope itemtype=\"https:\/\/schema.org\/ListItem\"><a href=\"https:\/\/www.tronweekly.com\/news\/\" itemprop=\"item\"><span itemprop=\"name\">News<\/span><\/a><meta itemprop=\"position\" content=\"2\"><\/span> <span aria-label=\"breadcrumb separator\">\/<\/span> Mexican Billionaire Ricardo Salinas Allocates 70% of His Wealth to Bitcoin<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-perfmatters-preload width=\"1200\" height=\"628\" src=\"https:\/\/www.tronweekly.com\/wp-content\/uploads\/2025\/03\/Bitcoin.jpg\" alt=\"bitcoins Bitcoin\"   title=\"bitcoins Mexican Billionaire Ricardo Salinas Allocates 70% of His Wealth to Bitcoin 1\"><\/p>\n<article aria-label=\"Mexican Billionaire Ricardo Salinas Allocates 70% of His Wealth to Bitcoin\" itemscope itemtype=\"https:\/\/schema.org\/CreativeWork\">\n<div itemprop=\"text\">\n<ul>\n<li>Ricardo Salinas now holds 70% of his portfolio in Bitcoin and Crypto-related assets.<\/li>\n<li>Salinas rejects bonds and external stocks, focusing on Bitcoin and gold investments.<\/li>\n<li>Salinas plans to make Banco Azteca the first Mexican bank to accept Bitcoin.<\/li>\n<\/ul>\n<p>Mexican billionaire Ricardo Salinas increased his investment by allocating 70% of his liquid portfolio to Bitcoin and Bitcoin-related assets. In a recent <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-04\/ricardo-salinas-pliego-on-elektra-delisting-bitcoin-mexico-tariffs\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-04\/ricardo-salinas-pliego-on-elektra-delisting-bitcoin-mexico-tariffs\" rel=\"noreferrer noopener\">interview<\/a> with Bloomberg News, the billionaire revealed these portfolio changes by focusing on investment assets he believes are durable. Salinas holds an estimated net worth of $5.8 billion while leading Grupo Salinas, which operates telecommunications, media and retail. His recent Bitcoin investment represents a substantial growth from his prior disclosure of 10% in 2020.<\/p>\n<p>Salinas\u2019s confidence in cryptocurrency grows because he believes in its ability to protect against economic challenges. Through his investment strategy, he devotes 30% of his assets to gold mining companies, his businesses and gold investments. Notably, his investment approach excludes bonds and external stocks from his portfolio. \u201cI don\u2019t have a single bond, and I don\u2019t have any other stocks except my own,\u201d Salinas told Bloomberg highlighting his focus on \u201chardest assets\u201d.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<div lang=\"en\" dir=\"ltr\">\n<p>BREAKING: MEXICAN BILLIONAIRE RICARDO SALINAS TELLS BLOOMBERG 70% OF HIS WEALTH IS NOW IN <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&#038;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#BITCOIN<\/a><\/p>\n<p>&#8220;I DON&#8217;T HAVE A SINGLE BOND. I DON&#8217;T HAVE ANY STOCKS EXCEPT MY OWN.&#8221; ???? <a href=\"https:\/\/t.co\/WdYbRwzLfC\" target=\"_blank\">pic.twitter.com\/WdYbRwzLfC<\/a><\/p>\n<\/div>\n<p>\u2014 The Bitcoin Historian (@pete_rizzo_) <a href=\"https:\/\/twitter.com\/pete_rizzo_\/status\/1896898449490260210?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 4, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2>Bitcoins <strong>Bitcoin Advocacy Shapes Salinas\u2019s Business Vision<\/strong><\/h2>\n<p>Salinas maintains active support for cryptocurrency, as evidenced by his popular social media account on X, which has over 2 million followers. His cryptocurrency backing extends beyond his investments to his corporate business activities. Additionally, four years ago he suggested that his <a href=\"https:\/\/www.tronweekly.com\/bitcoin-lightning-network-mexican-grupo-elektra\/\" data-type=\"link\" data-id=\"https:\/\/www.tronweekly.com\/bitcoin-lightning-network-mexican-grupo-elektra\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banco Azteca<\/a> subsidiary would become Mexico\u2019s first institution to welcome cryptocurrency transactions through Grupo Salinas. His ongoing effort to implement this initiative demonstrates his dedication to decentralized finance.<\/p>\n<p>Bitcoin\u2019s price at press time shows rapid changes as the announcement emerges. The cryptocurrency has experienced a significant 42% price growth since September 2024 despite its 17% decline during the month. <a href=\"https:\/\/www.tronweekly.com\/bitcoin-soars-to-94k-as-trump-unveils-u-s\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.tronweekly.com\/bitcoin-soars-to-94k-as-trump-unveils-u-s\/\" rel=\"noreferrer noopener\">Donald Trump\u2019s<\/a> election win in November 2024 is one of the events supporting the cryptocurrency\u2019s price increase.\u00a0<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" data-perfmatters-preload width=\"1024\" height=\"478\" src=\"https:\/\/www.tronweekly.com\/wp-content\/uploads\/2025\/03\/image-17-1024x478.png\" alt=\"bitcoins image 17\" title=\"bitcoins Mexican Billionaire Ricardo Salinas Allocates 70% of His Wealth to Bitcoin 2\"  ><figcaption>BTC Price chart Source; <a href=\"https:\/\/www.tradingview.com\/x\/kKx3Tm25\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.tradingview.com\/x\/kKx3Tm25\/\" rel=\"noreferrer noopener\">Tradingview<\/a><\/figcaption><\/figure>\n<p><a href=\"https:\/\/www.tronweekly.com\/bitcoin-beats-tesla-and-facebook\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.tronweekly.com\/bitcoin-beats-tesla-and-facebook\/\" rel=\"noreferrer noopener\">Salinas<\/a> believes Bitcoin safeguards economic stability which is reflected in his recent decision based on years of similar advocacy. His beliefs originate from skepticism toward fiat currencies and centralized financial systems. Concerns about inflation and currency devaluation which affect Latin American economies, resonate with Salinas\u2019 strategy since he has chosen both Bitcoin and gold to protect his wealth.\u00a0<\/p>\n<p>The Bitcoin investment practices of institutions such as Strategy, which now hold over 499,000 BTC, mirror a wider market trend.<\/p>\n<h2>Bitcoins <strong>Grupo Elektra Delisting Amid Legal Challenges<\/strong><\/h2>\n<p>The disclosure of Salinas\u2019s corporate financial adjustments matches his decision to remove Grupo Elektra from the public markets. Salinas seeks operational independence in his company through delisting from stock markets to avoid shareholder controls. However, Grupo Elektra faced its toughest period recently after stock prices dropped 70% last year, resulting in a nearly $5 billion loss from Salinas\u2019 fortune. Salinas also faces legal battles with the Mexican government concerning allegations of unpaid tax payments.<\/p>\n<p>Despite encountering obstacles he displays positive prospects. According to Salinas the companies belonging to his business portfolio continue to perform well despite facing adversity. With his notable Bitcoin investments alongside gold purchases the executive holds leadership status in cryptocurrency industries across Latin America.\u00a0 Moreover, the increasing adoption of Bitcoin since September 2024 could influence similar cryptocurrency investments from regional businesses and investors across Latin America.<\/p>\n<\/div>\n<p><\/main><\/div>\n<p> Sheila <a href=\"https:\/\/www.tronweekly.com\/billionaire-salinas-70-of-wealth-in-bitcoin\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You are here: Home \/ News \/ Mexican Billionaire Ricardo Salinas Allocates 70% of His Wealth to Bitcoin Ricardo Salinas now holds 70% of his portfolio in Bitcoin and Crypto-related assets. Salinas rejects bonds and external stocks, focusing on Bitcoin and gold investments. Salinas plans to make Banco Azteca the first Mexican bank to accept<\/p>\n","protected":false},"author":1,"featured_media":836721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132,288],"tags":[11476],"class_list":{"0":"post-836720","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-billionaire","8":"category-mexican","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/836720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=836720"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/836720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/836721"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=836720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=836720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=836720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}