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Billionaire Bets 70% on Bitcoin: Fiat's Future in Doubt
18 Jun
Summary
- Ricard Salinas Pliego holds 70% of his portfolio in Bitcoin.
- He believes Bitcoin will outperform real estate and gold long-term.
- Salinas suggests converting home equity into Bitcoin.
Ricardo Salinas Pliego, one of Latin America's wealthiest individuals, has demonstrated a significant long-term commitment to Bitcoin, holding 70% of his investment portfolio in the cryptocurrency. Pliego bases this strategy on his conviction that fiat currencies will inevitably lose purchasing power over time.
He articulated this bullish stance in a recent interview, drawing parallels between Bitcoin and assets like gold and real estate. Pliego asserted that Bitcoin's long-term performance is expected to outshine traditional stores of value. To illustrate, he noted gold's significant price increase since 1976, while the U.S. dollar's purchasing power has substantially diminished over the same period.
Pliego views Bitcoin as a modern iteration of scarce assets that tend to retain value, similar to gold. He predicts that Bitcoin could reach $1 million. As of June 17, 2026, Bitcoin was trading at $65,869.
