Ricardo Salinas Pliego, the second-wealthiest man in Mexico, has invested 10% of his liquid portfolio into Bitcoin. On November 17, Pliego, who is also the world’s 166th wealthiest person, posted a video on his Twitter page. The video, taken in a “Latin country,” showed that banks threw out garbage bags filled with Venezuelan bolivars. Pliego added:
“To start with Bitcoin, I share a video taken in a Latin country where banks throw money in garbage (paper money is worth nothing) that is why it is always good to diversify our investment portfolio. This is inflationary expropriation.”
Shortly after, the world’s 166th wealthiest person posted another tweet, recommending a book titled, “THE BITCOIN PATTERN.” He said the book would help people understand Bitcoin and how the king coin protects the citizens from “government expropriation.” Then he declared:
“Yes. I have 10% of my liquid portfolio invested.”
Several crypto investors like Kraken’s Dan Held reacted to Pliego’s tweet, saying that “the institutional herd is stampeding.”
In addition, the billionaire and founder of Grupo Salinas stated that 90% of his liquid portfolio is invested in precious metals miners.”
On the 17th of November, Bitcoin climbed a new 2020 high to $18,000. With a market capitalization of over $333 billion, BTC is currently up 4.79% to $17,969.48.
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