⚡ Mexican billionaire Ricardo Salinas has just revealed that he increased his Bitcoin allocation by $BTC t from 10% to 70% of his total investment portfolio.
In a video on X, he called fiat money a "scam," accusing the Fed of printing money "out of thin air," which dilutes the value of currency. He also shared that he persuaded his wife to mortgage their house to raise funds to buy more Bitcoin.
Why is this noteworthy? It’s a real-world move from one of the richest people in Mexico, showing strong confidence in Bitcoin as an anti-inflation tool.
Put simply: The super-rich are making a big bet on Bitcoin to protect their assets from inflation.
#Bitcoin #CryptoNews
🔗 Source: Bitcoinmagazine
⚠️ Information is for reference only and not investment advice. Please do your own research before deciding (DYOR).
In a video on X, he called fiat money a "scam," accusing the Fed of printing money "out of thin air," which dilutes the value of currency. He also shared that he persuaded his wife to mortgage their house to raise funds to buy more Bitcoin.
Why is this noteworthy? It’s a real-world move from one of the richest people in Mexico, showing strong confidence in Bitcoin as an anti-inflation tool.
Put simply: The super-rich are making a big bet on Bitcoin to protect their assets from inflation.
#Bitcoin #CryptoNews
🔗 Source: Bitcoinmagazine
⚠️ Information is for reference only and not investment advice. Please do your own research before deciding (DYOR).