Mexican billionaire Ricardo Salinas remains bullish on bitcoin after plunge
CoinDesk
Ricardo Salinas, a Mexican billionaire, encourages buying bitcoin during the recent price dip, citing inflation protection.Summary
Mexican billionaire Ricardo Salinas continues to express strong support for bitcoin despite its recent price decline. In a post on X, Salinas advised investors to “take advantage and buy now while it’s down,” emphasizing bitcoin’s role in protecting wealth against inflation and government control. Salinas, with an estimated net worth of $4.9 billion, has previously stated that 70% of his liquid assets are held in bitcoin, with the remaining 30% in gold and gold mining stocks. He views fiat currency as a “fraud” and believes bitcoin offers a path to preserving purchasing power. This latest statement reinforces his long-held bullish stance on the cryptocurrency.
(Source：CoinDesk)