Mexico’s second richest man has invested 10% of his portfolio in bitcoin (BTC)

Ricardo Salinas Pliego, the second richest man in Mexico, reveals on Twitter that he has invested 10% of his portfolio in bitcoin (BTC) .

First, the billionaire shared on Twitter a video of a bank throwing away massive paper money:

To get started with bitcoin, I first share a video that was made in a Latin country where banks are throwing money in the trash (paper money is worth nothing), so diversifying your investment portfolio is always good. This is inflationary expropriation!

It appears to be Venezuelan bolivar (VEF) in the video. That country has been struggling for years with a severe economic crisis and enormous inflation of the national currency. Shortly afterwards, Pliego recommended the book The Bitcoin Pattern to his followers and reports that 10% of his “liquid portfolio” is in bitcoin.

Today I recommend The Bitcoin Pattern, this is the best and most important book to learn bitcoin. Bitcoin protects the citizen from expropriation from the government. Many people ask if I own bitcoin. Yes, I have invested 10% of my liquid portfolio in it.

Says Pliego, who has an estimated net worth of no less than $ 11.8 billion. However, it is not clear how large his liquid portfolio is, so unfortunately we cannot calculate how much he actually has in bitcoin.

Dan Held of cryptocurrency exchange Kraken responded to Pliego’s message, calling out that the institutional horde is finally coming. Pliego then says it is not a hurdle, investments already started with Grayscale in 2016.

About Viktor Sokolov 164 Articles
Nerd, entrepreneur & coffee aficionado. Believes that blockchain infrastructure and bitcoin will be the money system of the coming decades. Trying to make visible what this means for technology, economy, companies and societies.

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