Ricardo Salinas Pliego, the second richest man in Mexico, found that 10% of its “liquid portfolio” is invested in Bitcoin (BTC).
The billionaire divided A video filmed in “a Latin country” shows banks throwing garbage bags filled with paper money into a dumpster. He declared that “paper money is worthless”and added, “That is why it is always good to diversify our investment portfolio.”
The video seems to show bags of Venezuelan bolivars being thrown awayincluding the 10,000 bolívar banknotes issued in 2016 and 2017 before the country renamed its banknotes in 2018 amid a growing inflationary crisis.
Three hours later, Pliego tweeted a recommendation for the book The Bitcoin Standard “Bitcoin protects citizens from state expropriation” and disclosure of your investment in cryptocurrencies:
Today I recommend THE BITCOIN PATTERN, this book is the best and most important to understand #Bitcoin.
Bitcoin protects the citizen from state expropriation.
A lot of people ask me if I have bitcoins, YES. I invested 10% of my liquid portfolio in the pic.twitter.com/6LtFVCXvuA
– Ricardo Salinas Pliego (@RicardoBSalinas) 17th November 2020
Twitter responded with glee to news that the world’s 166th richest citizen is heavily invested in Bitcoinand Dan Held from Kraken proclaimed: “The institutional herd is in a rush.”
sheet answered to hero, Institutional acceptance has gradually manifested itself since the Bitcoin Investment Trust started at Greyscale in 2016.
The billionaire noticed that too The remaining 90% of its liquid portfolio is invested “in precious metal miners”.
Born in Mexico City in 1955, Pliego is the founder and president of Grupo Salinas, which operates in the media, telecommunications, finance and retail sectors.
Salinas is also President of TV Azteca, the second largest producer of Spanish language programs worldwide and the second largest media company in Mexico.