{"id":32769,"date":"2025-06-20T02:01:33","date_gmt":"2025-06-20T02:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32769"},"modified":"2025-06-20T02:01:33","modified_gmt":"2025-06-20T02:01:33","slug":"bitcoin-gets-a-billionaire-boost-from-mexicos-3rd-wealthiest-man","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32769","title":{"rendered":"Bitcoin Gets A Billionaire Boost From Mexico\u2019s 3rd Wealthiest Man"},"content":{"rendered":"<div>\n<p>According to a recent Kitco News interview, Salinas Ricardo Pliego, founder and chairman of Grupo Salinas and <a href=\"https:\/\/www.investopedia.com\/articles\/investing\/012315\/5-wealthiest-people-mexico.asp\" target=\"_blank\" rel=\"noopener nofollow\">Mexico\u2019s third\u2011richest man<\/a>, has stepped up his Bitcoin buying.<\/p>\n<p><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin<\/a> trades at $104,900, down over 6% from its all\u2011time high of $112,000. Pliego isn\u2019t fazed by the drop. He\u2019s loading up while others hesitate.<\/p>\n<h2><strong>Pliego Ups Bitcoin Exposure<\/strong><\/h2>\n<p>He already holds about <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-03-04\/ricardo-salinas-pliego-on-elektra-delisting-bitcoin-mexico-tariffs\" target=\"_blank\" rel=\"noopener nofollow\">70%<\/a> of his portfolio in Bitcoin. Based on reports, he boosted that share again last week. He didn\u2019t share exact figures, but called it a \u201cconsiderable increment.\u201d He isn\u2019t waiting for the perfect price. He just wants more coins in his wallet before what\u2019s next.<\/p>\n<h2><strong>Market Dip Seen As Buying Chance<\/strong><\/h2>\n<p>Bitcoin\u2019s slide came after <a href=\"https:\/\/www.aljazeera.com\/news\/liveblog\/2025\/6\/19\/live-israel-attacks-iran-security-agency-trump-mulls-joining-conflict\" target=\"_blank\" rel=\"noopener nofollow\">Middle East tensions<\/a> rattled markets. Yet Pliego says his moves aren\u2019t tied to war news. He sees every dip as a chance to buy. Other big players are doing the same. That trend leaves fewer coins moving between wallets and exchanges. On\u2011chain data shows wallet balances for the largest holders climbing even as prices slip.<\/p>\n<p><strong>Inflation Hedge Arguments<\/strong><\/p>\n<p>Pliego has warned that fiat currency loses value over time. He pointed out that the US dollar lost about 90% of its purchasing power over the past 40 years. He echoed Strategy\u2019s <a href=\"https:\/\/bitcoinist.com\/more-bitcoin-incoming-michael-saylor-drops-hint-at-new-crypto-purchase\/\" target=\"_blank\" rel=\"noopener \">Michael Saylor<\/a> when he called Bitcoin a shield against money printing. Pliego even wrote a book, \u201cThe Bitcoin Enlightenment,\u201d where he argued that the crypto marks the end of fiat.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/GmckxqhG\/\" width=\"1835\" height=\"884\"><br \/>\n<strong>Long\u2011Term Outlook Remains Strong<\/strong><\/p>\n<p>The tycoon admits Bitcoin can swing wildly when big economic news hits. He said holders should look past daily charts. \u201cFocus on where this thing is going,\u201d he told Kitco News.<\/p>\n<p>He isn\u2019t alone. Coinbase CEO Brian Armstrong thinks nations will hold more digital assets than gold down the road. That idea gives Pliego plenty of confidence.<\/p>\n<p><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter size-full wp-image-508340\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/A_6bd1ac.png?resize=684%2C345\" alt=\"\" width=\"684\" height=\"345\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/A_6bd1ac.png?w=684 684w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/06\/A_6bd1ac.png?w=640 640w\" sizes=\"auto, (max-width: 684px) 100vw, 684px\"><\/p>\n<p><strong>Betting Big On Crypto<\/strong><\/p>\n<p>Pliego has hinted he may go all in one day. That would put every peso he owns into crypto. It\u2019s a bold plan. It\u2019s also a risky one, given the crypto asset\u2019s history of 5-10% moves in a day. Still, his voice carries weight. When a billionaire piles in, others pay attention.<\/p>\n<p>Salinas Ricardo Pliego is betting big on Bitcoin\u2019s future. He\u2019s buying at $104,701, even after a 6% pullback. He sees Bitcoin as a way to dodge inflation and come out ahead.<\/p>\n<p>For now, he\u2019s stacking sats and urging everyone else to get on board. If his bet pays off, early buyers could reap huge gains. If not, they could face steep losses. Either way, Pliego\u2019s moves show that confidence in Bitcoin remains strong among the richest investors.<\/p>\n<p><em>Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to a recent Kitco News interview, Salinas Ricardo Pliego, founder and chairman of Grupo Salinas and Mexico\u2019s third\u2011richest man, has stepped up his Bitcoin buying. Bitcoin trades at $104,900, down over 6% from its all\u2011time high of $112,000. Pliego isn\u2019t fazed by the drop. He\u2019s loading up while others hesitate. Pliego Ups Bitcoin Exposure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-32769","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32769"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/32769\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}