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Ricardo Salinas<\/a>, the billionaire owner of Mexican conglomerate Grupo Salinas, revealed in a recent interview that he has allocated 70% of his investment portfolio to bitcoin and bitcoin-related assets.<\/p>\n The prominent bitcoin advocate disclosed that the remaining 30% of his portfolio consists of gold and shares in his own companies. He stated<\/a>, \u201cI don\u2019t have a single bond, and I don\u2019t have any other stocks except my own.\u201d<\/p>\n Salinas, whose net worth is estimated at $4.8 billion<\/a>, has significantly increased his bitcoin exposure from 10% in 2020. The billionaire has been a vocal supporter of bitcoin, and he plans to make his bank, Banco Azteca, the first in Mexico to accept it.<\/p>\n The revelation comes as Salinas aims to delist his flagship firm, Grupo Elektra<\/a>, from public markets. He says this move will free him from shareholders and allow him to run the business as he wishes.<\/p>\n Salinas has faced turbulent times recently, with Grupo Elektra\u2019s share price plummeting 70% last year<\/a> and wiping out nearly $5 billion of his fortune. He remains locked in legal battles with the Mexican government over alleged unpaid taxes.<\/p>\n However, the tycoon remains defiant, stating, \u201cDespite all the problems in Mexico, our businesses are doing well. Now I\u2019m free to do my thing.\u201d<\/p>\n Despite legal battles and political uncertainty, Salinas remains committed to Bitcoin as a core pillar of his financial strategy. He has emerged as one of Latin America\u2019s most influential Bitcoin proponents.<\/p>\n Salinas\u2019 vocal support further validates bitcoin\u2019s prospects as a long-term store of value. If his bet pays off, the billionaire could cement his legacy as one of the earliest corporate champions of bitcoin.<\/p>\n<\/div>\n<\/div>\n