Bitcoin Makes up 60% of Richard Salinas Pliego’s Liquid Portfolio

Bitcoin and Bitcoin stocks make up 60% of the billionaire Ricardo Salinas Pliego’s liquid portfolio, he told attendees at a conference in Miami on Thursday. He also referred to bonds as a terrible investment at the Bitcoin 2022 conference.

Mexican billionaire Ricardo Salinas Pliego told attendees of a conference in Miami on Thursday that most of his liquid portfolio was invested in the world's most valuable cryptocurrencies. He also said that Bitcoin is a good place to be investment-wise. 

Salinas Pliego operates the Mexican TV channel TV Azteca and retailer Grupo Elektra and has a net worth of about $12.9 billion, according to Forbes. He is also the third wealthiest person in Mexico as of 2021.

"Bond investment is a terrible investment. I wouldn't touch a bond with a 10-foot pole. It's just the worst thing. I mean, the best thing that can happen to you is you get back your $100. That's the best thing that can happen," said Salinas Pliego.

Bitcoin traded at around $43,600 during Thursday's session, down almost 6% year-to-date, but below the 2022 low of $36,000. The market value of Bitcoin was about $830 billion.