Mexican billionaire Ricardo Salinas has publicly endorsed Bitcoin as a strategic hedge against fiat currency devaluation, revealing a personal portfolio allocation of 70% to the cryptocurrency. This substantial investment reflects Salinas’ deep skepticism toward traditional financial instruments like bonds and equities, which he views as vulnerable to inflationary pressures and central bank policies.
In tandem with his investment stance, Salinas is pursuing tangible institutional adoption through Banco Azteca, a bank within his Grupo Salinas conglomerate. Plans to integrate Bitcoin into Mexico’s banking infrastructure signal potential mainstream accessibility and could position the institution as a pioneer in cryptocurrency adoption within the national financial sector.
The advocacy underscores broader market concerns about fiat currency stability and monetary policy decisions. Salinas positions Bitcoin as a reliable store of value amid these uncertainties, encouraging investors to consider cryptocurrency as a safeguard against systemic financial risks.