Why Mexican Billionaire Ricardo Salinas Recommends Protecting Assets with Bitcoin

Dive into this comprehensive article to find out why Mexican billionaire Ricardo Salinas is such a strong advocate for Bitcoin.

Discover how Bitcoin serves as a hedge against inflation tax, how it’s contributing to global economic changes, and why Salinas thinks education about cryptocurrency is crucial.

Plus, get an insider's look at his diversified investment portfolio.

Ricardo Salinas Speaks on the Importance of Bitcoin

Known for his strong advocacy of Bitcoin (BTC), Mexican billionaire Ricardo Salinas shared his perspective on the importance of protecting one's assets with Bitcoin during an interview with Bitcoin Magazine.

When asked about the impact of BTC on the economies of Mexico and Latin America, Salinas noted that the cryptocurrency is not only influential in his native region but globally.

He emphasized that the world is facing the issue of "inflation tax," elaborating that this form of tax essentially erodes people's savings without their knowledge.

Salinas underscored the utility of Bitcoin as a means to shield assets from this hidden levy.

This is particularly significant because Bitcoin has a capped supply of 21 million coins, making it a useful tool against inflation, a point agreed upon by numerous other notable figures.

Criticism of Government "Scammers"

When questioned about what is necessary for the mass adoption of Bitcoin, Salinas expressed that people first need to recognize that they are being deceived by government "scammers."

Salinas criticized these officials as fraudsters who claim to be conducting "monetary policy" but are actually stealing from the public.

He stated that understanding this mechanism is the first step towards effectively countering it.

Salinas also spoke on the importance of educating people about the value of Bitcoin as a "long-term savings asset."

He explained, "While owning a company is a great asset, for those who cannot, they can invest in assets like gold or follow investment advice from figures like Robert Kiyosaki."

Ricardo Salinas's Investment in BTC and Related Stocks

As reported in April 2022, about 60% of Ricardo Salinas's liquid portfolio consists of BTC and Bitcoin-related stocks.

Further details revealed in September indicate that his investments are not just in "Bitcoin spot" but also in companies like Microstrategy and various mining corporations. He also has investments in oil and gold mining companies.

Salinas is among the numerous billionaires and investors who support Bitcoin.

Robert Kiyosaki, known for the Rich Dad Poor Dad series, recently commented that "even average investors can become wealthy through dollar-cost averaging."