Mexican Magnate Worth $11B Reveals His Portfolio is 10% in Bitcoin

Mexican Magnate Worth $11B Reveals His Portfolio is 10% in Bitcoin

By Abhimanyu Krishnan | News | 18 Nov 2020


Mexican billionaire Ricardo Salinas Pliego tweeted on Nov. 18 that 10% of his liquid assets was in Bitcoin, making him yet another billionaire to reveal he had invested in the asset.

  • Pliego’s tweet was a recommendation on his favorite book, “The Bitcoin Pattern”, after which he said that 10% of his liquid portfolio was in Bitcoin
  • As for why he thinks Bitcoin is important, Pleigo said that it “protects against government expropriation”
  • In a separate tweet, Pliego said that fiat currencies have no value and that diversification was necessary
  • Billionaire Stephen Druckenmiller revealed in early Nov. that he had also invested in Bitcoin -- and the addition of Pliego to the list now adds credence to Tyler Winklevoss’ statement that a “tsunami” of big investors would join the market
  • However, some major investors continue to criticize Bitcoin, including Ray Dalio, who recently asked Twitter to help him better understand Bitcoin

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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