finance
Mexican Billionaire Holds 70% of Wealth in Bitcoin, Calls It Better Than Real Estate
Ricardo Salinas Pliego said Bitcoin outperforms real estate as an investment and predicted it could reach $1 million. He holds about 70% of his estimated $5 billion net worth in the cryptocurrency.
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Mexican billionaire Ricardo Salinas Pliego said Bitcoin is a better long-term investment than real estate. Salinas, whose net worth is estimated at roughly $5 billion, holds about 70% of his portfolio in Bitcoin. He described himself as a Bitcoin maximalist.
Salinas told interviewers that he advised his wife to mortgage her house to buy Bitcoin. He said the cryptocurrency offers superior returns compared with property holdings. He predicted Bitcoin will eventually reach $1 million per coin.
The statements come as Bitcoin prices remain elevated following prior gains. Salinas has publicly maintained a large allocation to the digital asset for several years. No other portfolio details or performance figures were disclosed in the remarks.
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LeftNeutralRightHigh-risk concentrationSmart long-term allocation
LeftNeutralRightRisky betSmart move
CorroborationLimited · 2 sources
