Mexico’s 3rd Richest Man Ricardo Salina Just Bought More Bitcoin, Says It is The Future
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Despite the uncertainties hovering around the cryptocurrency space, whales, including Mexico’s third-richest man, are massively accumulating Bitcoin. Salinas Richardo Pliego, the founder and chairman of Grupo Salinas, appears not to be concerned about Bitcoin’s recent downside. Speaking at an interview at Kitco News, he disclosed that he is stacking the pioneering cryptocurrency in no small way. Pliego Increases Bitcoin Exposure Bitcoin is down over 7% from its all-time high of $112,000, with most of the retracement coming after the Middle East crisis. Yet Mexico’s third-richest man is buying in, although unrelated to the war. Pliego noted that he has increased his Bitcoin exposure in the past week because he knows what’s coming. Recall that the billionaire already has 70% of his entire portfolio in the premier crypto asset and recently noted he is considering going all in soon. While he did not disclose the amount of Bitcoin that he acquired in the past week, he noted that it was a considerable portfolio increment. Furthermore, he identified that he was not timing the perfect moment to buy but instead just wanted to acquire more Bitcoin in preparation for what the asset holds in the future. Remarkably, the Mexican billionaire has been vocal about Bitcoin and its potential to transform the financial system. Pliego has persistently advocated for Bitcoin exposure, calling it the future of money. He recently wrote a book titled “The Bitcoin Enlightenment,” where he stated that Bitcoin is the end of fiat. Bitcoin Is the Future Meanwhile, Pliego insisted that Bitcoin is here to stay. Although admitting that gold has its place, he noted that Bitcoin is a better asset and will soon outperform it. Notably, he does not share this sentiment alone; proponents like Coinbase CEO Brian Armstrong also believe so, arguing that nations will hold more of…
Filed under: News - @ June 18, 2025 8:24 pm