StockWaves
  • Home
  • Global Markets
    Global MarketsShow More
    Interactive Brokers to affix S&P 500; Talen Vitality, Kinetik to affix S&P MidCap 400, SmallCap 600
    Interactive Brokers to affix S&P 500; Talen Vitality, Kinetik to affix S&P MidCap 400, SmallCap 600
    0 Min Read
    Trump administration to cancel approval of Maryland wind challenge
    Trump administration to cancel approval of Maryland wind challenge
    1 Min Read
    T-Cellular US publicizes management adjustments together with new presidents for progress and expertise
    T-Cellular US publicizes management adjustments together with new presidents for progress and expertise
    0 Min Read
    Capstone Holding Corp. Explodes 70% on Southeast Enlargement Deal – A Wake-Up Name for Good Merchants!
    Capstone Holding Corp. Explodes 70% on Southeast Enlargement Deal – A Wake-Up Name for Good Merchants!
    9 Min Read
    Prediction: in 12 months, red-hot Fresnillo and IAG shares may flip £10k into…
    Prediction: in 12 months, red-hot Fresnillo and IAG shares may flip £10k into…
    4 Min Read
  • Investment Strategies
    Investment StrategiesShow More
    Mutual Fund Perception's September challenge is out!
    Mutual Fund Perception's September challenge is out!
    0 Min Read
    Earnings distribution in schemes of Baroda BNP Paribas Mutual Fund
    Earnings distribution in schemes of Baroda BNP Paribas Mutual Fund
    0 Min Read
    Vikran Engineering IPO: Must you subscribe?
    Vikran Engineering IPO: Must you subscribe?
    0 Min Read
    Why flexi-cap funds go well with most traders
    Why flexi-cap funds go well with most traders
    0 Min Read
    Giant institutional traders spend money on what sort of corporations?
    Giant institutional traders spend money on what sort of corporations?
    9 Min Read
  • Market Analysis
    Market AnalysisShow More
    TSX closes down forward of financial institution earnings
    TSX closes down forward of financial institution earnings
    2 Min Read
    ITI Mutual Fund declares earnings distribution of ITI Balanced Benefit Fund
    ITI Mutual Fund declares earnings distribution of ITI Balanced Benefit Fund
    0 Min Read
    Soybeans fall as hopes for Chinese language demand wane; corn, wheat agency
    Soybeans fall as hopes for Chinese language demand wane; corn, wheat agency
    3 Min Read
    Not every single day the market arms you this
    Not every single day the market arms you this
    0 Min Read
    TSX closes down forward of financial institution earnings
    Wall St combined as Powell-led optimism cools, Nvidia leads to focus
    5 Min Read
  • Trading
    TradingShow More
    Apple Earnings In Focus After Streaming Value Improve: Gene Munster Says This ‘Will Be Apple’s Development Playbook’ – Apple (NASDAQ:AAPL)
    Apple Earnings In Focus After Streaming Value Improve: Gene Munster Says This ‘Will Be Apple’s Development Playbook’ – Apple (NASDAQ:AAPL)
    6 Min Read
    Buying and selling Room RECAP 8.25.25 | Polaris Buying and selling Group for Shares and Futures Merchants
    Buying and selling Room RECAP 8.25.25 | Polaris Buying and selling Group for Shares and Futures Merchants
    2 Min Read
    Elon Musk’s Greatest AI Concern Isn’t Google—It’s China – Alphabet (NASDAQ:GOOGL)
    Elon Musk’s Greatest AI Concern Isn’t Google—It’s China – Alphabet (NASDAQ:GOOGL)
    3 Min Read
    XPeng Unveils Main Software program Replace As Steering Failure Allegations Intensify – XPeng (NYSE:XPEV)
    XPeng Unveils Main Software program Replace As Steering Failure Allegations Intensify – XPeng (NYSE:XPEV)
    3 Min Read
    Why Is Temu Mother or father PDD Holdings Inventory Gaining Monday? – PDD Holdings (NASDAQ:PDD)
    Why Is Temu Mother or father PDD Holdings Inventory Gaining Monday? – PDD Holdings (NASDAQ:PDD)
    2 Min Read
Reading: Mexico’s third Richest Individual Holds 80% Of Their Wealth In Bitcoin, Now They Plan To Make That A 100%: Right here Is The Cause Why – Technique (NASDAQ:MSTR)
Share
Font ResizerAa
StockWavesStockWaves
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Search
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Follow US
2024 © StockWaves.in. All Rights Reserved.
StockWaves > Trading > Mexico’s third Richest Individual Holds 80% Of Their Wealth In Bitcoin, Now They Plan To Make That A 100%: Right here Is The Cause Why – Technique (NASDAQ:MSTR)
Trading

Mexico’s third Richest Individual Holds 80% Of Their Wealth In Bitcoin, Now They Plan To Make That A 100%: Right here Is The Cause Why – Technique (NASDAQ:MSTR)

StockWaves By StockWaves Last updated: August 16, 2025 3 Min Read
Mexico’s third Richest Individual Holds 80% Of Their Wealth In Bitcoin, Now They Plan To Make That A 100%: Right here Is The Cause Why – Technique (NASDAQ:MSTR)
SHARE



Contents
Salinas Desires To Go All In On BTCSalinas’ Historical past With ‘Sound Cash’Inventory Rating Locked: Edge Members Solely

Mexican enterprise magnate Ricardo Salinas Pliego has been a robust Bitcoin BTC/USD advocate for years and lately thought of allocating the whole lot of his wealth to the highest cryptocurrency.

Disclosure: 82% of retail CFD accounts lose cash

Salinas Desires To Go All In On BTC

Throughout an interview with Austrian economist Saifedean Ammous in Could, Salinas, who has a internet price of over $5 billion, disclosed that he has no publicity to shares aside from a “very small proportion” of gold and Bitcoin miners.

“I believe that anyone who has an funding portfolio must be extraordinarily cautious due to the way in which that shares are valued at the moment. It is ridiculous,” Mexico’s third-richest particular person stated.

He stated that 80% of his wealth is tied up in Bitcoin-related investments and the remainder in gold.

“I don’t know why do I nonetheless have gold. Properly I may in all probability transfer to 100% Bitcoin. Possibly I would like slightly bit extra time being an previous man,” Salinas chuckled.

See Additionally: Bitcoin Units New All-Time Excessive At $124,000 As Document-Breaking Surge Continues

Salinas’ Historical past With ‘Sound Cash’

Salinas revealed that the devaluation of the Mexican nationwide forex Peso, throughout the 80s, attributable to what he thought to be “mismanagement,” pushed him towards sound cash.

He stated that he grew to become a gold bug and “did very well” within the subsequent a long time earlier than adopting Bitcoin in 2013.

Salinan beforehand stated that he started investing in Bitcoin when it was round $200 and went via its highs and lows, ending in considered one of his most worthwhile strikes when he bought his Bitcoin for roughly $17,000.

“Bitcoin is now within the stage of being revalued to its precise usefulness for the world. The extra individuals discover it helpful the extra precious it’s going to be,” he remarked.

Worth Motion: On the time of writing, BTC was exchanging palms at $119,217.31, down 2.23% within the final 24 hours, based on information from Benzinga Professional. The main cryptocurrency is up over 14% since Salinas’ interview.

Photograph: Rido on Shutterstock.com

Learn Subsequent: 

Inventory Rating Locked: Edge Members Solely

Benzinga Rankings provide you with important metrics on any inventory – anytime.

Unlock Rankings

Market Information and Information delivered to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Previous Article After Alaska summit, Zelenskyy to satisfy Trump in Washington on Monday After Alaska summit, Zelenskyy to satisfy Trump in Washington on Monday
Next Article Oil markets seen bearish after Trump-Putin Alaska assembly Oil markets seen bearish after Trump-Putin Alaska assembly
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow

Subscribe Now

Subscribe to our newsletter to get our newest articles instantly!

Most Popular
Trump defends Nationwide Guard Deployment amid backlash, fires again at critics: ‘I’m not a dictator’
Trump defends Nationwide Guard Deployment amid backlash, fires again at critics: ‘I’m not a dictator’
August 26, 2025
Mazagon Dock Shares Bounce 3% on P-75(I) Submarine Enhance
Mazagon Dock Shares Bounce 3% on P-75(I) Submarine Enhance
August 26, 2025
Interactive Brokers to affix S&P 500; Talen Vitality, Kinetik to affix S&P MidCap 400, SmallCap 600
Interactive Brokers to affix S&P 500; Talen Vitality, Kinetik to affix S&P MidCap 400, SmallCap 600
August 26, 2025
High 10 Oscar Nominated Films of 2025 That You Must Watch
High 10 Oscar Nominated Films of 2025 That You Must Watch
August 26, 2025
Trump administration to cancel approval of Maryland wind challenge
Trump administration to cancel approval of Maryland wind challenge
August 26, 2025

You Might Also Like

EXCLUSIVE: GT Biopharma Advances Relapsed Blood Most cancers Remedy Trial To Cohort 2 After Promising Early Security Outcomes – GT Biopharma (NASDAQ:GTBP)
Trading

EXCLUSIVE: GT Biopharma Advances Relapsed Blood Most cancers Remedy Trial To Cohort 2 After Promising Early Security Outcomes – GT Biopharma (NASDAQ:GTBP)

2 Min Read
Applovin Inventory Rises 3.1% After Key Buying and selling Sign – AppLovin (NASDAQ:APP)
Trading

Applovin Inventory Rises 3.1% After Key Buying and selling Sign – AppLovin (NASDAQ:APP)

5 Min Read
Trump Victory-Led Rally In Shares Shrugged Off Rise In Yields, However Analyst Says If Treasuries ‘Do not Discover A Ceiling…It Will Turn out to be A Drawback’: Here is What It Means For Traders – Invesco QQQ Belief, Sequence 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
Trading

Trump Victory-Led Rally In Shares Shrugged Off Rise In Yields, However Analyst Says If Treasuries ‘Do not Discover A Ceiling…It Will Turn out to be A Drawback’: Here is What It Means For Traders – Invesco QQQ Belief, Sequence 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

5 Min Read
Elon Musk Calls For Figuring out Lawmakers Supporting Undocumented Immigrants Convicted Of Intercourse Crimes: ‘No Excuse’
Trading

Elon Musk Calls For Figuring out Lawmakers Supporting Undocumented Immigrants Convicted Of Intercourse Crimes: ‘No Excuse’

3 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

StockWaves

We provide tips, tricks, and advice for improving websites and doing better search.

Latest News

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service

Resouce

  • Blockchain
  • Business
  • Economics
  • Financial News
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading

Trending

Trump defends Nationwide Guard Deployment amid backlash, fires again at critics: ‘I’m not a dictator’
Mazagon Dock Shares Bounce 3% on P-75(I) Submarine Enhance
Interactive Brokers to affix S&P 500; Talen Vitality, Kinetik to affix S&P MidCap 400, SmallCap 600

2024 © StockWaves.in. All Rights Reserved.

Welcome Back!

Sign in to your account

Not a member? Sign Up