According to ME News, on June 17 (UTC+8), Mexican billionaire Ricardo Salinas Pliego allocated 70% of his investment portfolio to Bitcoin, stating that Bitcoin far surpasses real estate. He previously convinced his wife to mortgage their property to buy Bitcoin and advised the public to convert a portion of their home equity into Bitcoin. Salinas said Bitcoin’s price could reach $1 million, though he is uncertain about the timeline. (Source: PANews)
Mexican billionaire allocates 70% of portfolio to Bitcoin, claims it outperforms real estate
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Mexican billionaire Ricardo Salinas Pliego has reallocated 70% of his portfolio to Bitcoin, citing a superior risk-to-reward profile compared to real estate. He reportedly convinced his wife to mortgage their home to purchase Bitcoin and encouraged others to shift a portion of their home equity into the asset. Salinas Pliego, who focuses on long-term portfolio management, predicts Bitcoin could reach $1 million, though he remains uncertain about the timing.
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