Mexico’s 3rd Richest Person Holds 80% Of Their Wealth In Bitcoin, Now They Plan To Make That A 100%: Here Is The Reason Why

Mexican business magnate Ricardo Salinas Pliego has been a strong Bitcoin (CRYPTO: BTC) advocate for years and recently considered allocating the entirety of his wealth to the top cryptocurrency.

Salinas Wants To Go All In On BTC

During an interview with Austrian economist Saifedean Ammous in May, Salinas, who has a net worth of over $5 billion, disclosed that he has no exposure to stocks other than a “very small proportion” of gold and Bitcoin miners.

“I think that anybody who has an investment portfolio should be extremely careful because of the way that stocks are valued today. It’s ridiculous,” Mexico’s third-richest individual said.