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Mexican billionaire holds 70% of portfolio in bitcoin, calling it better than real estate.

Market News
17 Jun 2026
Coindesk
View Source
Bullish
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Ricardo Salinas Pliego, a Mexican billionaire worth about $5 billion, has invested 70% of his portfolio in bitcoin, believing fiat currencies will lose value over time. He even convinced his wife to mortgage their home to buy bitcoin, highlighting its long-term outperformance compared to real estate since 2016. Salinas views bitcoin as a scarce asset similar to gold, expecting its price could eventually reach $1 million. His strong conviction stems from his family's history with gold and distrust of fiat money since the end of the gold standard.

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