Wealthy Mexican Man Goes All In on Bitcoin – You Won’t Believe What Happens Next!

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Well now, gather ’round, folks! It seems that Salinas Ricardo Pliego, the third richest man in Mexico and the founder of Grupo Salinas, has taken a fancy to Bitcoin, like a cat to a warm windowsill. In a recent chat with Kitco News, he’s been buying up the digital gold like it’s going out of style! 🤑

Now, Bitcoin is trading at a cool $104,900, which is a bit of a tumble from its high of $112,000. But fear not! Pliego is as unfazed as a duck in a rainstorm. While others are wringing their hands, he’s loading up his pockets with those shiny coins. 💰

Pliego Ups Bitcoin Exposure

Would you believe it? This fella already has about 70% of his portfolio stuffed with Bitcoin! And just last week, he decided to add a “considerable increment” to that stash. He’s not waiting for the stars to align; he just wants more coins in his wallet before the next big thing comes along. Talk about being proactive! 😏

Market Dip Seen As Buying Chance

Now, the market took a little dip after some ruckus in the Middle East, but Pliego isn’t losing sleep over it. He sees every dip as a golden opportunity to buy more. Other big players are in on the action too, making it harder for coins to move around. It’s like a game of musical chairs, but with wallets! 🎶

Inflation Hedge Arguments

Pliego has been sounding the alarm about fiat currency losing its value faster than a speeding bullet. He pointed out that the good ol’ US dollar has lost about 90% of its purchasing power over the last 40 years. He’s echoing the wise words of Michael Saylor, calling Bitcoin a shield against the relentless printing of money. He even penned a book titled “The Bitcoin Enlightenment,” claiming that crypto is the death knell for fiat. 📉


Long‑Term Outlook Remains Strong

This tycoon knows that Bitcoin can be as unpredictable as a cat on a hot tin roof when big news hits. He advises folks to look beyond the daily charts and focus on the long game. “Keep your eyes on the prize,” he told Kitco News. Wise words, indeed! 🧐

And he’s not alone in his thinking. Coinbase CEO Brian Armstrong believes that nations will soon hoard more digital assets than gold. That gives Pliego a heap of confidence, like a rooster in a henhouse! 🐓

Betting Big On Crypto

Now, Pliego has hinted that he might just go all in one day, putting every peso he owns into crypto. It’s a bold move, akin to jumping into a river without checking for rocks! But when a billionaire makes a splash, you can bet your boots others will take notice. 🌊

Salinas Ricardo Pliego is betting big on Bitcoin’s future, buying at $104,701 even after a 6% pullback. He sees Bitcoin as a way to dodge inflation and come out ahead. For now, he’s stacking those sats and urging everyone else to hop on the bandwagon. If his gamble pays off, early buyers could be rolling in dough. If not, well, they might just be rolling in regret. Either way, Pliego’s moves show that confidence in Bitcoin is as strong as ever among the wealthiest of investors. 💸

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2025-06-20 05:40