{"id":49555,"date":"2025-03-04T16:46:52","date_gmt":"2025-03-04T16:46:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49555"},"modified":"2025-03-04T16:46:52","modified_gmt":"2025-03-04T16:46:52","slug":"mexican-billionaire-salinas-says-he-has-70-bitcoin-related-exposure","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49555","title":{"rendered":"Mexican Billionaire Salinas Says He Has 70% Bitcoin-Related Exposure"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Mexican Billionaire Salinas Says He Has 70% Bitcoin-Related Exposure<\/a><\/p>\n

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Ricardo Salinas<\/a>, the billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that he has allocated 70% of his investment portfolio to bitcoin and bitcoin-related assets.<\/p>\n

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JUST IN: Mexican billionaire Ricardo Salinas says, \u201cI\u2019ve got about 70% in #Bitcoin<\/a>-related exposure.\u201d pic.twitter.com\/1WqA9IBFED<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) March 4, 2025<\/a>\n<\/p><\/div>\n

The prominent bitcoin advocate disclosed that the remaining 30% of his portfolio consists of gold and shares in his own companies. He stated<\/a>, \u201cI don\u2019t have a single bond, and I don\u2019t have any other stocks except my own.\u201d<\/p>\n

Salinas, whose net worth is estimated at $4.8 billion<\/a>, has significantly increased his bitcoin exposure from 10% in 2020. The billionaire has been a vocal supporter of bitcoin, and he plans to make his bank, Banco Azteca, the first in Mexico to accept it.<\/p>\n

The revelation comes as Salinas aims to delist his flagship firm, Grupo Elektra<\/a>, from public markets. He says this move will free him from shareholders and allow him to run the business as he wishes.<\/p>\n

Salinas has faced turbulent times recently, with Grupo Elektra\u2019s share price plummeting 70% last year<\/a> and wiping out nearly $5 billion of his fortune. He remains locked in legal battles with the Mexican government over alleged unpaid taxes.<\/p>\n

However, the tycoon remains defiant, stating, \u201cDespite all the problems in Mexico, our businesses are doing well. Now I\u2019m free to do my thing.\u201d<\/p>\n

Despite legal battles and political uncertainty, Salinas remains committed to Bitcoin as a core pillar of his financial strategy. He has emerged as one of Latin America\u2019s most influential Bitcoin proponents.<\/p>\n

Salinas\u2019 vocal support further validates bitcoin\u2019s prospects as a long-term store of value. If his bet pays off, the billionaire could cement his legacy as one of the earliest corporate champions of bitcoin.<\/p>\n

This post Mexican Billionaire Salinas Says He Has 70% Bitcoin-Related Exposure<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Vivek Sen Bitcoin<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Mexican Billionaire Salinas Says He Has 70% Bitcoin-Related Exposure Ricardo Salinas, the billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that he has allocated 70% of his investment portfolio to bitcoin and bitcoin-related assets. JUST IN: Mexican billionaire Ricardo Salinas says, \u201cI\u2019ve got about 70% in #Bitcoin-related exposure.\u201d pic.twitter.com\/1WqA9IBFED […]<\/p>\n","protected":false},"author":0,"featured_media":49556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49555"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49555"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49556"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}