Why This Mexican Billionaire Thinks Bitcoin is the Best Thing Since Sliced Bread

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Markets

What to know:

  • Ricardo Salinas, on a mission to save your pocket from inflation, urges his followers to invest in bitcoin.
  • In a bold move that would make even the most daring of tightrope walkers envious, he has upped his bitcoin stake from a mere 10% to a whopping 70% of his liquid assets!
  • The man has declared fiat currency a “fraud.” Yes, you heard it right! Bitcoin is where it’s at, folks – the golden ticket to financial freedom!

Ah, the illustrious Ricardo Salinas! A gentleman of considerable means, a titan of industry, and a veritable beacon of hope for those clutching their wallets in fear of inflation. After all, who wouldn’t want to stick their money into something that sounds like it was conjured up by a magician?

“Now’s the time to pounce!” he exclaimed on a Sunday X post, channeling his inner financial guru. “Investing in Bitcoin is like wrapping your cash in a warm, protective blanket, keeping it safe from the grasping hands of inflation goblins!”

Just a smidgen of context: bitcoin has taken quite the nosedive recently, settling unceremoniously at $66,000. Yet, our indomitable Salinas remains steadfast, sharing a vintage clip of himself extolling the virtues of this digital currency while doubling down on his unwavering belief that it supports freedom. Perhaps he fancies himself the crypto equivalent of Winston Churchill?

The man, whose net worth hovers around the realm of $4.9 billion (chump change, really), has been Latin America’s loudest cheerleader for bitcoin. In past tête-à-têtes, he has not held back from labeling fiat currency as a “fraud” – a bold claim that would make any banker faint dead away.

And let’s not forget that delightful nugget from last year, when he revealed that a staggering 70% of his liquid assets are tied up in bitcoin, leaving just a paltry 30% for gold and shares in gold mining firms. One must wonder: does he have an underground lair filled with gold bars, or is he just hedging his bets like a seasoned gambler?

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2026-02-23 16:39