The second richest man in Mexico and also the chairman at conglomerate Grupo Salinas, Ricardo Salinas Pliego says while in an interview with Cointelegraph, Bitcoin is the best investment for him.
And he revealed that he brought Bitcoin for the first time in 2013, where Bitcoin priced around 200$. When Bitcoin hit 17000$ in 2017, He sold all his positions and again bought at a lower range.
The best part is,
“He holds around 10% of his liquid portfolio in Bitcoin and doesn’t plan to sell any of it any time soon.”
So he planning to hold Bitcoin for another five to ten years. But what so special about this statement? Especially in a situation like Bitcoin hits $25K?
Here’s my thought. Bitcoin is in a huge bull run. He exposed himself as a billionaire and revealed his portfolio with Bitcoin. What is the fact? People tend to buy Bitcoin because of this special statement.
More buys mean Bitcoin price increases. And he says more. According to his thoughts, Bitcoin’s properties are attractive in Latin American economies.
Why?
Fiat currencies are being cheap there. And market inflation is also high. So actually, Fiat money is becoming a problem, According to Salinas.
“Bitcoin is the natural result of the evolution of money, from physical to digital.”
Ricardo Salinas Pliego
Here’s the full interview with Ricardo Salinas Pliego
