Mexican billionaire Ricardo Salinas, one of the country’s richest individuals, has not been shaken by the recent price drop of bitcoin.
“Take advantage and buy now while it’s down,” Salinas said in a Sunday X post. “Investing in Bitcoin is protecting your money from inflation and keeping it out of the hands of those who want to steal it from you.”
The longtime bull’s comment came after bitcoin’s plunge in recent months to its current level of $66,000. Salinas shared the message alongside an older clip of him defending bitcoin’s ability to support freedom, doubling down on a stance he has held for years.
Salinas, whose estimated net worth is around $4.9 billion, has been one of Latin America’s most vocal bitcoin advocates. In previous interviews, he has described fiat currency as a “fraud” and called bitcoin “the only way out” to maintain purchasing power.
In an interview last year, he said that 70% of his liquid assets were tied to bitcoin. The remaining 30% was in gold and shares in gold mining companies.
