Mexican Billionaire: "70% of Investment Assets Invested in Bitcoin"

Around 60% increase in 10% investment in 2020
"BTC, will only go up... never sell it" recommendation
Emphasize the price dynamics of BTC due to its limited supply

The chairman of the Salinas Group, with a market capitalization of $12.35 billion (about 17.9791 trillion won), said he has invested about 70% of his investment portfolio in BTC (BTC). In an interview with Bloomberg in November 2020, Salinas had previously revealed that he had invested about 10% of his liquid assets in BTC, which had become a major issue.

In an interview with Bloomberg on the 5th, Chairman Ricardo Salinas said, "I have invested 70% of my assets in BTC," and "I have invested the remaining 30% in gold and gold mining."

According to Google Finance data on the 5th, the amount Salinas invested in BTC is the cash he had, excluding the stocks of the companies he owns.

Chairman Salinas described BTC as the 'most difficult asset in the world' and recommended continuing to invest in BTC.

He said, "Buy as much BTC as possible," and "BTC has no option other than to rise due to the dynamics, unlike gold, which increases by 3% due to additional mining."He emphasized, "Never sell BTC."

This explains the price dynamics of BTC related to the limited supply of 21 million BTC.

Reporter Kwon Seung-won ksw@blockstreet.co.kr