Mexican Billionaire Ricardo Salinas Says He Has 70% Bitcoin-Related Exposure

Ricardo Salinas, an outspoken Mexican billionaire, has revealed that his investment portfolio is mostly allocated to bitcoin (BTC), gold and shares in his companies.

The Mexican billionaire, whose net worth is estimated to be around $5.8 billion, is a known BTC proponent who on numerous occasions showed support for the cryptocurrency. Four years ago, Salinas said he was working to make his bank the first in Mexico to accept bitcoin.

“I’ve got about 70% in Bitcoin-related exposure and 30% in gold and gold miners,” Salinas said during an interview with Bloomberg. “I don’t have a single bond and I don’t have any other stocks except my own.”

The 70% figure is notably far above the 10% the billionaire revealed he had allocated to the cryptocurrency back in 2020. His words come admits plans to delist his flagship firm Grupo Elektra and ongoing legal and tax challenges with the Mexican government.