**Title: Ricardo Salinas Allocates 70% of Investment Portfolio to Bitcoin Amidst Business Restructuring**
In a recent interview, Ricardo Salinas, the billionaire founder of the Mexican conglomerate Grupo Salinas, disclosed that he has dedicated 70% of his investment portfolio to Bitcoin and Bitcoin-related assets. A well-known advocate for cryptocurrency, Salinas revealed that the remaining 30% of his portfolio is comprised of gold and shares in his own enterprises. He emphasized, “I don’t hold any bonds, nor do I own stocks outside of my own companies.”
With a net worth estimated at $4.8 billion, Salinas has notably increased his Bitcoin investments from just 10% in 2020. He is also planning to position his bank, Banco Azteca, as the first in Mexico to accept Bitcoin, further solidifying his commitment to the cryptocurrency.
This announcement coincides with Salinas’ intention to delist his flagship company, Grupo Elektra, from public markets. He believes this strategic move will liberate him from shareholder constraints, allowing him to manage the business according to his vision.
Despite facing challenges, including a 70% decline in Grupo Elektra’s share price last year, which resulted in a loss of nearly $5 billion from his fortune, Salinas remains resolute. He is currently engaged in legal disputes with the Mexican government over alleged unpaid taxes. Nevertheless, he asserts, “Despite all the problems in Mexico, our businesses are thriving. Now I’m free to pursue my objectives.”
Salinas’ unwavering support for Bitcoin positions him as one of Latin America’s most influential proponents of the cryptocurrency. His advocacy reinforces Bitcoin’s potential as a long-term store of value. Should his investment strategy succeed, Salinas could establish himself as a pioneering corporate champion of Bitcoin, leaving a lasting legacy in the financial landscape.
