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Mexican billionaire and businessman Ricardo Salinas announced a radical shift in his investment strategy by allocating 70% of his portfolio to Bitcoin 
$103,730. The remaining 30% is invested in gold and gold mining companies. Salinas, who is moving away from traditional financial instruments, continues to focus on alternative assets. This preference demonstrates his strong stance against uncertainties in the markets.
The Rationale Behind Investing in Bitcoin and Gold
Salinas evaluates his confidence in Bitcoin from a long-term perspective. He believes that the cryptocurrency will maintain its value due to its limited supply and decentralized nature. Consequently, he has directed a significant portion of his investment into Bitcoin.
The remaining portion of his portfolio consists of gold and gold mining companies. Salinas indicates that these assets serve as safe havens during crises. The billionaire prefers to invest in assets that can preserve value against inflation, aiming to protect himself from market fluctuations with long-term strategies.
Dollar-Cost Averaging and Market Volatility
The billionaire investor suggests using a dollar-cost averaging strategy to manage market volatility. He notes that investors can reduce their average costs in the long term by making regular purchases, unaffected by short-term price movements.
Recently, Bitcoin experienced a decline of about 10% in price. Additionally, a general downward trend in the cryptocurrency market was observed. Salinas argues that long-term investors should not panic in response to such market fluctuations.
Ranked as Mexico’s fifth richest individual, Salinas has a vast business network in banking, retail, and telecommunications. He continues to shift entirely towards alternative assets, avoiding stocks and traditional financial instruments.
Salinas plans to delist Grupo Elektra from the stock market to alleviate the company’s interest and tax burdens. This move is regarded as a significant change in the firm’s financial management strategy.
“I allocated 70% of my portfolio to Bitcoin and 30% to gold and gold mining. I have no other investment vehicles besides bonds or my own stocks.” – Ricardo Salinas
Encouraging investors to think long-term, Salinas emphasizes that a ten-year perspective is necessary in the markets. He believes Bitcoin and gold are safe havens against market uncertainties, and he continues to pursue his investment strategy accordingly.
