Mexican Billionaire Ricardo Pliego Has 10% of His Investment Portfolio in Bitcoin
The famous Mexican businessman and billionaire, Ricardo Benjamín Salinas Pliego has included Bitcoin into its investment portfolio. He said in a tweet that he has ten percent of its total investment portfolio in Bitcoin (BTC), the world’s largest digital currency by market cap. He did not share the actual amount of BTC that he holds. He also spoke in the favor of cryptocurrencies as well.
Ricardo Pliego is also the founder of Grupo Salinas which is a corporate conglomerate established in the year 2001. The net worth of Ricardo is around $11.7 billion according to an estimate of Forbes.
He recently appeared on Twitter and revealed that he has dedicated ten percent of its investment portfolio to the leading digital currency. He said that many people ask him about whether he holds Bitcoins or not.
Moreover, the billionaire suggested users read a book on Bitcoin entitled El Patron Bitcoin (The Bitcoin Standard). According to him, this book is a great way for those who want to understand the nature and meaning of the digital currency and called it the most important and the best book for having true exposure to the top-ranked digital currency.
Hoy les recomiendo EL PATRÓN BITCOIN, este libro es el mejor y más importante para entender #Bitcoin.
El Bitcoin protege al ciudadano de la expropiación gubernamental.
Muchas personas me preguntan si tengo bitcoins, SÍ. Tengo el 10% de mi portafolio líquido invertido en el 😌💵 pic.twitter.com/6LtFVCXvuA
— Ricardo Salinas Pliego (@RicardoBSalinas) November 17, 2020
Furthermore, while defending digital currencies, he spoke against the expropriation of the government and said that Bitcoin can play a significant role in providing protection to citizens from the expropriation of governments. He also said that the fiat currencies issued by governments are losing their worth with the passage of time. That is why he seems to have invested in Bitcoin. Pliego also suggested others to make an investment in the top digital asset while asking them to diversify their asset portfolios.
Meanwhile, the first-ranked cryptocurrency has entered into its bullish cycle as the coin is on its way to retest its all-time high value. At the press time, Bitcoin’s price value is standing at around $17,700. This means that the coin is pretty close to breaking above the $18k figure which might happen in the coming days, most probably. During the last seven days, Bitcoin has gained 11.83 percent in its price value, as per the data from CoinMarketCap.
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